Monday, August 28, 2017

Hurricane Harvey much less damaging than Katrina, Sandy: Hannover Re

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Hurricane Harvey much less damaging than Katrina, Sandy: Hannover Re

Hurricane Harvey much less damaging than Katrina, Sandy: Hannover ReDamages from Harvey, the hurricane and tropical storm ravaging Houston and the Texas Gulf Coast, are estimated to be well below those from major storms that have hit New Orleans and New York, according to Hannover Re on Monday. Hannover Re, one of the world's largest reinsurers, said that insured losses for Katrina in 2005 were around $80 billion, while losses from Sandy in 2012 were $36 billion. "We are far from Katrina and Sandy in magnitude in the case of Hurricane Harvey," a spokeswoman for the company said.


Pope to visit Myanmar, Bangladesh as Rohingya crisis intensifies

Pope to visit Myanmar, Bangladesh as Rohingya crisis intensifiesPope Francis will visit Myanmar and Bangladesh later this year, the Vatican announced Monday, hours after the Catholic leader decried the plight of Rohingya Muslims as they flee fresh fighting between the army and militants. The landmark visit in late November and early December takes in Myanmar-- a largely Buddhist country plagued by inter-religious fighting -- and Muslim-majority Bangladesh which hosts hundreds of thousands of refugees from that conflict. Francis has frequently lamented the treatment of the Rohingya, a largely stateless Muslim minority who have long lived under apartheid-like restrictions in the western Myanmar state of Rakhine.


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