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Given an alarming increase in both the number and intensity of typhoons hitting the country, Finance Secretary Cesar Purisima has reiterated calls for the establishment of response mechanisms including a mandatory worldwide catastrophe insurance or financing facility to address climate change-related disasters.

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INTERNATLONAL MONETARY FUND

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                    [Title] => Purisima calls for mandatory worldwide catastrophe insurance
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Given an alarming increase in both the number and intensity of typhoons hitting the country, Finance Secretary Cesar Purisima has reiterated calls for the establishment of response mechanisms including a mandatory worldwide catastrophe insurance or financing facility to address climate change-related disasters.

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Purisima calls for mandatory worldwide catastrophe insurance

By Zinnia B. Dela Peña | November 14, 2013 - 12:00am

Given an alarming increase in both the number and intensity of typhoons hitting the country, Finance Secretary Cesar Purisima has reiterated calls for the establishment of response mechanisms including a mandatory...

Business