Tag: storms

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Storms, floods to value PHL $124 billion by 2050

A farmer stands in the course of a flooded rice area in Alicia, Isabela province, Nov. 23, 2020. —
PHILIPPINE STAR/ MICHAEL VARCAS

By Luisa Maria Jacinta C. Jocson, Reporter

STRONG STORMS, heavy flooding and extended droughts could lead to round $124 billion in losses to the Philippine financial system between 2022 and 2050, in keeping with analysis firm GHD.

This interprets to a mean annual gross home product (GDP) lack of 0.7% for the Philippines, GHD stated in a press release following the discharge of its report “Aquanomics: The economics of water danger and future resilience.”

The

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Posted On : Published By : Mark Jensen
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Kimberling City firefighter aids Texas after storms as catastrophe insurance claim adjuster

DALLAS, (KY3) – Just two weeks ago, winter weather slammed the state Texas, leaving millions without power.

From the looks of it now, Eric Nielsen said everything seems normal.

”You can drive down a block and not see any damage,” said Nielsen.

Nielsen, a volunteer firefighter in Kimberling City, is currently serving as a catastrophe insurance adjuster in Texas, offering aid after the winter storms.

He says it’s what’s inside people’s homes and businesses that shows the devastating loss.

”The inside of the house is completely trashed from ceilings, to cabinets, to flooring. That’s the unique part a lot of

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Posted On : Published By : Mark Jensen