USA - Re/insurance will cover almost a quarter of $17bn Florence losses

07.11.2018
Private insurance and reinsurance is expected to cover $4.6 billion of the estimated $16.7 billion in economic losses caused by Hurricane Florence in North Carolina, according to state Governor Roy Cooper. Initial estimates indicate at least $2.5 billion of potential federal aid and $0.8 billion will also go towards funding losses from Florence, which leaves a total gap of $8.8 billion that will need to be met by a combination of additional federal, private, and state aid, a report by North Carolina state found. Economic losses from Florence were driven by a combination of both direct and indirect damages, with losses to businesses, housing and agriculture driving approximately 80% of the total loss estimate, according to the report. The impact on businesses and non-profits in North Carolina is currently estimated at around $5.7 billion, with over 3,800 properties incurring water damage and more than 23,000 incurring wind damages. Hurricane related business interruption losses were also significant and will likely have substantial knock-on effects to local economies and businesses, Governor Cooper noted. Roughly 30% of households in North Carolina were affected by the storm, resulting in a preliminary impact estimate of $5.6 billion to single and multi-family dwellings, as well as Affordable, Temporary and Supporting Housing, with costs expected to grow further. In terms of agriculture, Florence caused large scale loss of crops and livestock with an estimated impact of $2.4 billion, including $1.1 billion in crop, livestock and commodity losses and $117.7 million in farm buildings, equipment, and infrastructure losses, the report found. Hurricane Florence brought historic levels of flooding to the Carolinas in September, with high winds, dangerous storm surge and record rainfall battering the states for six days due to the slow-moving nature of the storm. It should be noted that this report only accounts for losses resulting from Hurricane Florence in North Carolina, and does not include the widespread damage caused in South Carolina and other areas. Source - https://www.reinsurancene.ws
25.10.2021

India - Farmers facing repeated crop loss look forward to govt’s aid scheme

For years, farmers in southwest Delhi’s Rawta village have had to contend with their farmlands turning into waterbodies during monsoon due to the Najafgarh drain that passes through nearby Gurugram overflowing.

25.10.2021

Europe - Fruit harvest slightly down

Global fruit production amounted to around 883.4 million tons in 2019, an increase of around 1.4% on the previous year. While Europe recorded declining yields of - 8.7%, Asia further expanded its supremacy as the world's largest fruit producer with a 2.6% growth. 

25.10.2021

India - Rains likely to cause damage to basmati crop in Punjab

Rains lashing several parts of Punjab are likely to cause damage to crops especially basmati paddy at various places in the state, officials said on Sunday. Paddy harvesting is also likely to be delayed because of rains, they further said.

25.10.2021

Spain - Malaga's tropical sector united to demand an emergency solution to the lack of water

Axarquia's countryside, the largest avocado and mango producing area in Europe, is on a war footing after years of asking institutions for hydraulic infrastructure solutions. The main players in the sector - farmers, irrigators, producers, and marketers - are not willing to keep on waiting idly by.

25.10.2021

India - Early snow & rain damage apple crop, trees in Kashmir

Early snowfall and untimely rain across Jammu and Kashmir has damaged the apple crop and plants. Reports of damage to the fruit crop and trees have been received from the main apple-growing Sopore, Pulwama, Shopian and other areas of Kashmir.

25.10.2021

Spain - The introduction of perennial plants among rainfed almond trees helps to mitigate climate change

Agriculture and the change in soil use produce 23% of the total emissions of greenhouse gases of anthropogenic origin. Moreover, the expansion and intensification of agriculture are considered determining factors in soil loss and degradation by accelerating erosion rates and favouring the loss of organic matter and nutrients.

25.10.2021

Sri Lanka - Tea under threat from pests, fungal outbreaks, weeds due to agro-chemical ban

Sri Lanka’s tea crop could fall sharply from weeds, outbreaks by pests and fungus due to an agro-chemical ban adding to problems from fertilizer, an industry official said. Without herbicides soil erosion worsens and fertility is also lost, Roshan Rajadurai, spokesman for the Planters’ Association representing farm mangers said in a statement.

25.10.2021

“Extreme” drought affecting agricultural lands in the Northern Great Plains

Decades of drought across the U.S. Southwest has led some scientists to classify the intense, prolonged dryness as a “megadrought.” But drought in North America took a different shape in 2021, affecting areas that do not face long-term or intense drought as often.