United Nations launches 40 million dollar insurance scheme for disaster readiness
The United Nations partnered with global insurers to establish a 40 million dollar coverage scheme protecting emergency funding before natural disasters strike vulnerable communities.
HEROIC BREAKING NEWS, written by our newsroom0 views
The United Nations launched a new insurance scheme worth up to 40 million dollars to protect funding for early disaster assistance, Insurance News BD reported on November 4. The UN Office for the Coordination of Humanitarian Affairs announced the coverage on November 2 in partnership with UNICEF and the World Food Programme. [1]
The initiative aims to help vulnerable people protect their homes, food, and livelihoods before cyclones, floods, and other disasters strike. The coverage was arranged by Gallagher Re, with Liberty Mutual serving as the lead insurer. The Centre for Disaster Protection provided technical assistance for the project. [1]
The financial payout triggers automatically when several major emergencies occur at the same time. This structure ensures that emergency funds remain available even during simultaneous global crises. [1]
In short
- The United Nations introduced a 40 million dollar disaster insurance scheme announced on November 2.
- The policy protects early funding before floods, cyclones, and other natural disasters hit vulnerable communities.
- Gallagher Re arranged the coverage while Liberty Mutual acts as the lead insurer.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]UN launches $40 million insurance cover for disaster preparednessইন্স্যুরেন্স নিউজ বিডি, 4h ago (the report this story comes from)
Our newsroom writes these reports with the help of software, from the 1 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
Related from HEROIC BREAKING NEWS
Earlier reports of ours on the same people and subjects.
- Kuwait Allocates $2.5 Million to United Nations Afghanistan Humanitarian FundAid & Philanthropy, 8d ago
- Ecuadorian Port City Holds Emergency Evacuation Drill as El Nino StrengthensAid & Philanthropy, 5d ago
- Thailand urges households to prepare 72-hour disaster emergency kitsAid & Philanthropy, 9h ago
- United Nations Releases Emergency Aid for Conflict Affected Northern Ethiopia RegionsAid & Philanthropy, 20d ago
- UN agencies deliver aid to Gaza as winter approachesCivic Courage, 20d ago
More in Aid & Philanthropy
- Prince Edward Island builds larger paramedic station in Three Rivers1h ago
- Jigawa State Hisbah Board Trains Operatives in First Aid Response2h ago
- Albay provincial government pledges ongoing assistance for displaced Mayon families6h ago
- Thailand urges households to prepare 72-hour disaster emergency kits9h ago
- Barangay Gordon Heights equips local ambulance with new ECG monitor11h ago
- Ethiopia Expands Emergency Medical Response Teams with Over 600 Trained Professionals15h ago
Get the day in one email
Reports like this one, the top news of the last 24 hours, every morning. Free, one email a day; readers can comment under every report.
By signing up you agree to our terms and privacy policy. Unsubscribe any time.
Comments
Loading
Join the conversation
Comments are open to readers of our daily email: the top news of the last 24 hours, every morning, free. Sign up and the comment box opens.
Already on the list? Enter the same address and we will send a sign-in link.
By signing up you agree to our terms and privacy policy. Unsubscribe any time.