Study: Warm Waters Boosted 2017 Major Hurricane Tally October 4, 2018 By SETH BORENSTEIN The Atlantic’s warmer waters triggered the unusual number of major hurricanes last year, according to a new study that predicts...
Major U.S. Firms Unprepared for 2017 Hurricanes January 18, 2018 For senior financial executives at large U.S.-based companies with operations in Texas, Florida or Puerto Rico, last year’s hurricane season...
North America Pounded by Disasters in 2017 January 3, 2018 By SETH BORENSTEIN North America couldn’t catch a break in 2017. Parts of the United States were on fire, underwater or lashed by...
15 U.S. Weather Disasters Costing a Billion Dollars or More so far in 2017 December 28, 2017 By Brian K. Sullivan and Jim Efstathiou Jr. In the year that President Donald Trump pulled out of the Paris accord and downplayed global warming as a security...
Swiss Re: Natural Catastrophe Insured Losses Nearly Doubled in 2017 December 22, 2017 Preliminary sigma estimates for insured global losses resulting from natural and man-made disasters in 2017 are around $136 billion, well-above...
House Republicans Reveal $81B Disaster Relief for Hurricanes, Fires December 20, 2017 House Republicans on Monday unveiled an $81 billion disaster aid package to help hurricane-ravaged communities and states hit by wildfires,...
FEMA’s Staff `Tapped Out’ After Mounting Disasters December 1, 2017 By Daniel Flatley The recent spate of natural disasters hitting the U.S. has left staff of the Federal Emergency Management Agency “tapped out”...
Researchers Tally Most Expensive U.S. Hurricane Season Ever November 27, 2017 By Brian K. Sullivan This year’s U.S. Atlantic hurricane season is officially the most expensive ever, racking up $202.6 billion in damages since the...
Big Insurers Brace for Perilous Future as Climate Risks Escalate November 13, 2017 By Jessica Shankleman After one of the worst Atlantic hurricane seasons in history, the world’s biggest insurers say the industry needs to get...
AGCS Report: As Hurricanes Increase in Severity, Costs Balloon November 8, 2017 A new report by Allianz Global Corporate & Specialty (AGCS) outlines how increasingly destructive storms and their extraordinary costs are...