New Zealand Cyclone Hale likely be a ‘one-in-20-year’ weather event
January 10 2023 by InsuranceAsia News Staff
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El Niño has ended, says Australia’s Bureau of Meteorology
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The US National Oceanic and Atmospheric Administration said that there’s a 60% chance that La Niña will develop by June–August, which could mean a more active Atlantic hurricane season.
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HK Insurance Authority courts Chinese insurers, municipalities to grow cat bond hub
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The regulator is reaching out to Chinese (re)insurers and local governments as it seeks to entice potential cat bond issuers to the city and build an insurance-linked securities hub for the Greater Bay Area.
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After the wild weather slammed the country’s south-eastern states, the New South Wales government has declared an emergency even as skies cleared up and Queensland continues to on alert as the rain event hasn't yet let up.
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Australia’s east coast prepares for floods as major rain event sets in
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The BOM has issued flood watches for Queensland and New South Wales, with rainfall of up to 200mm likely by the weekend.
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