Kathmandu — Contributions to the Prime Minister’s Disaster Relief Fund have surged following the devastating floods in the Bhotekoshi area, with more than NPR 4.38 billion collected as of Friday evening to support rescue, relief and reconstruction efforts. The...

Kathmandu — The Nepal Insurance Authority has introduced stricter requirements for insurers’ reinsurance arrangements, requiring them to structure reinsurance based on the nature of risks and their financial capacity. According to the Reinsurance Directive, 2023/24 issued by the Authority,...

Kathmandu — Chinese Premier Li Qiang traveled to the flood-affected region on the Chinese side of the border on Thursday to inspect rescue and relief operations, as authorities confirmed that scores of Chinese nationals remain unaccounted for on the...

Islamabad — Pakistan’s top leadership has expressed grief and solidarity with Nepal following devastating flash floods and mudslides that struck the country’s northern region near the Tibet border, claiming lives and causing widespread destruction. President Asif Ali Zardari conveyed...

Kathmandu — Nepal’s insurance sector has swung into damage-response mode after severe flooding on the Bhotekoshi and Trishuli rivers in Rasuwa, Nuwakot and Dhading districts caused widespread loss of life and property, with multiple insurers and the Nepal Insurers’...

Kathmandu — The tremor recorded at around 8:37 a.m. yesterday, initially believed to have been an earthquake centered about 40 kilometers north of Rasuwa district, was actually caused by a massive landslide, the U.S. Geological Survey (USGS) said earlier...

Kathmandu — The flood in Rasuwa has disrupted communications with insurance companies, banks, hydropower projects and other offices operating in the area. There is still no confirmed information on the extent of damage caused to the offices of insurance...

Kathmandu — A massive flood has swept into the Bhotekoshi River in Rasuwa from the Tibet side. Details of the damage caused by the sudden flooding are still awaited, and the scale of the destruction is expected to be...

Kathmandu — The Koshi Province chapter of the Federation of Nepali Journalists (FNJ) has launched an accident insurance program covering 1,227 journalists working across the province, aiming to strengthen their professional and social security. The insurance program was formally...

Kathmandu — The Nepal Insurance Authority has issued strict directives to life and micro-life insurers to control mis-selling and other improper practices in the sale of insurance plans. The Authority has prohibited insurers and agents from presenting and selling...