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Hurricanes, cold Waves, Tornadoes: Weather Disasters in USA dominate natural Disaster Losses in 2021

  • In 2021, natural disasters caused overall losses of US$ 280bn, of which roughly US$ 120bn were insured
  • Alongside 2005 and 2011, the year 2021 proved to be the second-costliest ever for the insurance sector (record year 2017: US$ 146bn, inflation-adjusted) – overall losses from natural disasters were the fourth-highest to date (record year 2011: US$ 355bn)
  • Hurricane Ida was the year’s costliest natural disaster, with overall losses of US$ 65bn (insured losses of US$ 36bn)
  • In Europe, flash floods after extreme rainfall caused losses of US$ 54bn (€46bn) – the costliest natural disaster on record in Germany
  • Many of the weather catastrophes fit in with the expected consequences of climate change, making greater loss preparedness and climate protection a matter of urgency
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Climate Action can lessen Poverty and Inequality worldwide

Climate change disproportionately affects the world’s most vulnerable populations. Not only are these effects compounding and magnify existing inequalities, but the impacts will increase in severity over time, affecting both current and future generations. A new international study shows that the redistribution of revenues from a carbon tax can promote equity and protect marginalized populations.

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B.C., Canada: Provincial State of Emergency declared

The B.C. government has declared a provincial state of emergency to mitigate impacts on transportation networks and movement of essential goods and supplies, and to support the provincewide response and recovery from the widespread damage caused by severe flooding and landslides in British Columbia.

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Swiss Re sees growing Demand for Insurance Protection, positive Outlook for Premiums

  •  Need for insurance protection is growing, driven by increased exposures, risk awareness and evolving client needs
  • Swiss Re expects non-life insurance premiums 10% above pre-COVID-19 level by the end of 2021 and continued increases in 2022
  • With low investment yields, the industry needs to focus on underwriting results
  • Swiss Re continues to upgrade its data capabilities, focusing on partnerships that help clients tackle evolving loss trends and more complex risks
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Fugro’s Vulnerability Assessment informs Port of San Francisco’s safe and sustainable Future

Fugro has completed a geotechnical site characterisation, earthquake hazard and geotechnical vulnerability assessment for the Port of San Francisco’s multi-year, multi-billion dollar Waterfront Resilience Program. The work was conducted over a period of 3 years as part of a multi-hazard risk assessment (MHRA) to identify immediate and long-term hazards, such as those associated with earthquakes, flooding and sea-level rise. As the port’s lead geotechnical engineer for future programme phases, Fugro will use the MHRA inputs to develop and design optimal retrofit solutions for the port’s ageing seawall.

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Natural Disaster Losses 2019 – Tropical Cyclones causing Billions in Losses dominate Nat Cat Picture of 2019

  • Severe typhoons in Japan cause the year’s biggest losses
  • Hurricane Dorian, the strongest hurricane of the year, devastates the Bahamas – US mainland largely spared
  • Natural catastrophes cause overall losses of US$ 150bn, with insured losses of about US$ 52bn – In line with long-term average
  • Humanitarian tragedy caused by cyclones in Mozambique – Over 1,000 deaths – Better protection is urgently needed
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Celebration of World Wetlands Day on 2 February

  • Wetlands act as natural safeguards against disasters. They protect communities most at risk and vulnerable to the devastating effects of floods, droughts and storm surges.
  • The frequency of natural hazards worldwide has more than doubled in just 35 years. 90% of all natural hazards are water-related.
  • By 2050, loss of wetlands, rising populations, climate change and rising sea levels are set to increase the number of people vulnerable to floods to 2 billion.
  • Well-managed wetlands make communities resilient in the event of extreme weather and help to minimize the damage from floods, hurricanes and droughts.
  • Each year, the Ramsar Convention on Wetlands celebrates 2 February as ‘World Wetlands Day’ to raise global awareness of the importance of wetlands.
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Parsons’ Superstorm Sandy Repair and Rehabilitation Project for the Montague Tunnels wins ACEC National Honor Award

Parsons is pleased to announce that the Superstorm Sandy Repair and Rehabilitation project for the Montague Tunnels in New York City — designed by Parsons — recently earned an Engineering Excellence Honor Award from the American Council of Engineering Companies (ACEC). The annual Engineering Excellence Awards recognize the most exemplary engineering achievements from across the globe.

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Parsons' Superstorm Sandy Repair and Rehabilitation Project wins highest Award from ACEC New York

Parsons is pleased to announce that the Superstorm Sandy Repair and Rehabilitation project for the Montague Tunnels in New York City—designed by Parsons—has earned an Engineering Excellence Diamond Award in the transportation category from the American Council of Engineering Companies (ACEC), New York chapter. This is the highest honor bestowed by ACEC and recognizes the most innovative engineering design projects both in New York and throughout the world.

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