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Hawaii Aims to Stabilise Property Insurance Amid Climate Disasters

Hawaii lawmakers have opened the legislative session with a commitment to address the state's unstable property insurance market, exacerbated by hurricanes, wildfires, and climate change-related disasters. Rising reinsurance costs due to global catastrophes, including Florida and North Carolina hurricanes and California wildfires, are driving insurers to hike rates or withdraw from Hawaii. Senate President Ron Kouchi highlighted that Hawaii's designation as a disaster-prone state worsened after the August 2023 Maui wildfires. Adding to the crisis, recent Los Angeles wildfires have caused ..

GuocoLand Secures S$1.24 Billion Green Loans

GuocoLand, a leading real estate group, announced securing two green loans totalling S$1.24 billion (approximately $907.8 million) from DBS Bank and Oversea-Chinese Banking Corporation (OCBC).The loans include a S$1.14 billion facility, GuocoLand's largest green loan to date, for refinancing its flagship mixed-use development, Guoco Midtown. Additionally, S$105 million has been allocated to refinance the Midtown Bay luxury residential project.These loans were obtained under GuocoLand’s green finance framework, which supports refinancing of projects designed to generate significant environmen..

MCG to Address Illegal C&D Waste Dumping in Gurugram

The Municipal Corporation of Gurugram (MCG) has directed the removal of construction and demolition (C&D) waste dumped along Rajesh Pilot Road and Golf Course Road Extension. The order was issued by MCG Additional Commissioner Mahavir Prasad during a samadhan camp held, following complaints from residents of Sector 55.Residents highlighted the unauthorised dumping of debris on vacant plots, which they said was causing pollution and creating unsanitary conditions in the area. Prasad acknowledged that the issue posed environmental and health risks, as well as being an eyesore, and assure..