Typhoon-lashed Philippines weighs catastrophe bonds to cut costs

Chicago Tribune

The Philippines, which suffered $13 billion of damage when Super Typhoon Haiyan tore through the country in 2013, is looking at defraying the costs of future calamities with catastrophe bonds, reports the Chicago Tribune. 'Among the greatest threats to the Philippine growth story is our heightened exposure to disaster risk,' said National Treasurer Roberto Tan...

  • EC: Serbia set to join the EU Civil Protection Mechanism


    'At a time of more disasters striking both in Europe and around the world, Serbia's entry into the Mechanism underscores the strong necessity and desire to work closer together for better prevention, preparedness and response ', said Christos Stylianides, EU Commissioner for Humanitarian Aid and Crisis Management who is in Belgrade today for the signature of the agreement...

  • US: The power of human resilience after major disasters — and the importance of community

    Fast Company

    Researchers had the unique chance to measure the 'happiness' of vulnerable female New Orleans residents before and after Hurricane Katrina, reports Fast Company. 'Our research showed that social support, both before and after, was the main factor associated with women's happiness,' said Rocio Calvo, an assistant professor at Boston College’s School of Social Work...

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