Overview ; Crop insurance payouts were over $118.7 billion between 2001 and 2022 for the top five weather-related losses. ; The extreme weather triggering these payments is becoming more frequent as climate change accelerates. ; A new EWG map shows hot spots where most of the money has gone.
USAID DR CRII Program Partners ; Rural Economic Development Dominicana · Swiss Re · Index Insurance Innovation Initiative (I4) · Guy Carpenter / CaribRM · Center for Research on Environmental Decisions
The Malawian government has received an insurance payout of $11.2 million for a crippling El-Nino-linked drought that led the southern African nation to declare a state of disaster earlier this year.
Today, we announced an exciting new contract with ZEP-RE, a reinsurance company based in Nairobi, Kenya who will leverage our Basemaps products to enhance drought risk protection in the Horn of Africa (HOA)! · ZEP-RE aims to utilize PlanetScope 3-5 meter resolution imagery through our analysis-ready, Surface Reflectance Basemaps products. Using pre-processed, Basemaps, we will deliver Normalized Difference Vegetation Index (NDVI) time series data to measure vegetation health for an area of more than 600,000 km2 of Eastern Africa. The reinsuran ...
PDF | Climate change increases the need for better insurance solutions that enable farmers to cope with drought risks. We design weather index insurance... | Find, read and cite all the research yo...
Planet Labs PBC | May 9, 2023 AXA Climate Leverages Planetary Variables for Drought Insurance Through Extended Strategic Partnership
While drought insurance schemes have produced mixed results to date, there remains hope for the future.
A multi-year drought has taken a severe toll on the agricultural economy of California’s Central Valley. Index insurance is an instrument with the potential to protect water users from...
Cotton farmers across the High Plains and Rolling Plains of Texas fight the rain, wind, and blowing sand of spring to get the crop in the ground and watch it grow. But too often lately they are watching it wither. “We aren’t used to having a rotation of both crops being hard each year,” says Sutton Page, a cotton and wheat farmer from Jones County, Texas. “What’s normal in a dry year is having either a bad wheat crop or a tough cotton crop, but having multiple years, back-to-back, where conditions don’t allow for much profit in eith ...
A new analysis based on government data finds that insurance payments to farmers have risen more than 400 percent for drought-related losses and nearly 300 percent for losses from rains and...