About 375,000 homes and businesses were in the dark in Puerto Rico after Tropical Storm Ernesto brushed past early Wednesday, pounding the island with torrential rain and winds. The storm is likely to become a hurricane in the coming hours …
The Texas attorney general is investigating CenterPoint Energy Inc. citing potential violation of the state’s law in the utility’s response during Hurricane Beryl, when millions in the Houston area were left without power — some for days in the sweltering …
More than 2.6 million homes across 14 states with a total reconstruction cost of $1.3 trillion are at moderate to very high risk of wildfire damage during the 2024 wildfire season, a new report shows. The 2024 CoreLogic Wildfire Risk …
Hawaiian Electric Industries Inc. pegged losses from estimated accrual of liabilities stemming from one of the worst wildfires in US history at $1.7 billion and issued a going-concern warning. Hawaiian Electric said last week that it had agreed to pay …
The National Oceanic and Atmospheric Administration, which has already forecast an extremely active hurricane season, is now saying it could rank among the busiest on record. In a mid-season hurricane outlook update, NOAA’s Climate Prediction Center forecasters updated the number …
An earthquake off the coast of Japan’s southern island of Kyushu prompted the government to issue its first-ever warning for a megaquake from an undersea trough running along a swath of the country’s coast. Prime Minister Fumio Kishida called off …
Insurers and reinsurers’ losses from Hurricane Debby are expected to be in the low single-digit billions of dollars, a figure that would be “very manageable” for the industry, according to a report from Gallagher Re. Wind and water-related losses could …
California Insurance Commissioner Ricardo Lara issued a one-year moratorium on insurance companies to preserve residential insurance coverage for more than 185,000 policyholders affected by the Park, Borel and Gold Complex fires. The moratorium shields those living within the perimeters or …
Just as another hurricane hit Florida, the child of a central Florida woman is litigating a claim from a previous storm – Hurricane Ian in 2022. This time, though, the plaintiff claims not only breach of contract by a Florida …
Tropical Storm Debby is meandering through Georgia and South Carolina this morning, bringing as much as 25 inches (63.5 centimeters) of rain in some isolated spots. The storm was about 105 miles southwest of Charleston, South Carolina with top winds …