damage News

New Mexico Appeals Court Upholds Rule Aimed at Curbing Ozone Pollution

The New Mexico Court of Appeals has upheld regulations aimed at cracking down on emissions in one of the nation’s top-producing oil and gas states. The case centered on a rule adopted in 2022 by state regulators that called for …

After Tens of Billions in Insured Losses, Record-Breaking Hurricane Season Ends

The 2024 Atlantic hurricane season ends Nov. 30 after 18 named storms including the earliest Category 5 storm on record, and possibly one of the costliest hurricanes to the insurance industry. Of the 18 named storms, 11 were hurricanes and …

Arctic Weather Disrupts Power and Transport Across Europe

Snow and ice are disrupting transport and straining power grids, after the first major storms of the winter season hit northern Europe. Northern France is under a orange weather warning, after Storm Caetano left as much as 20 centimeters (8 …

Allstate October Catastrophe Losses of $286M Include Milton, Helene

Allstate today said it estimated pretax catastrophe losses of $286 million for the month of October. Losses during October included $102 million, pretax, from Hurricane Milton as well as $144 million in unfavorable reserve reestimates from Hurricane Helene primarily from …

Texas Windstorm Insurance Association Board Says Losses from Hurricane Beryl Were $455M

The Texas Windstorm Insurance Association Board of Directors pegs losses from Hurricane Beryl at $455 million. The TWIA board met last week to review information related to the agency’s 2025 budget. The meeting presented new information on TWIA losses from …

Atmospheric River to Hit Pac Northwest and California; Snow Could Impact Parts of Northeast And Great Lakes

Meteorologists are forecasting a stormy pattern that could impact millions of people across U.S. this week with the threat of flooding, travel disruptions and the potential for the first accumulating snowfall of the season in some places. Flooding rainfall and …

Swiss Re: Mitigating Flood Risk 10x More Cost Effective Than Rebuilding

Flood damage-related economic losses totaled USD $51.6 billion in 2023, but research shows protective measures can substantially reduce losses, according to Swiss Re Institute. As losses are expected to increase due to more intense weather events and continued urban sprawl, …

Analysis of Hurricanes Helene and Milton Provide Insights on Public and Private Flood Market

Flooding is a peril that took center stage this year amid an active Atlantic Hurricane season, a fact that’s highlighted in a new report. The National Insurance Flood Program is expected to face total losses between $8.2 billion and $10.5 …

What’s Behind New York Fires? Climate Change, Land Use and History

Wildfires that are raging across New York and New Jersey highlight a new threat to one of the world’s most affluent regions. Climate change is regarded by scientists as the pre-eminent factor driving long-term changes in weather, and the New …

Containment Increases on California Fire That Has Destroyed 168 Structures

Firefighters battled strong driving a fast-moving Southern California wildfire that forced the evacuations of thousands of people and destroyed at least 168 structures. Containment of the Mountain Fire in Ventura County increased to 48%. The fire has now burned 20,630 …