damage News

Hurricane Helene to Hit as Cat 3, and Early Estimates Forecast $3-$6B in Insured Losses

Hurricane Helene is expected to hit Florida as a Category 3, and a property data firm estimates that nearly 25,000 residential properties with a combined reconstruction cost value of $5.6 billion are at risk to storm surge flooding—a reinsurer estimates …

AccuWeather Says Storm Expected to Hit Gulf Coast to Become Category 3 Hurricane

A weather service said a brewing storm headed toward the Gulf Coast is expected to become “a large hurricane with a major storm surge threat and impacts that will reach hundreds of miles inland from where this storm makes landfall.” …

NHTSA Reports Decrease in Traffic Deaths: What’s Behind the Numbers?

Highway fatalities have fallen 3.2% in the first half of the year from the same period in 2023, data from the National Highway Traffic Safety Administration shows. NHTSA’s early estimates of traffic fatalities for the first half of 2024 shows …

More Than 250,000 U.S. Properties Reported to Have Repeated NFIP Claims

More than a quarter million U.S. properties have repeated claims for federal flood insurance, costing the National Flood Insurance Program billions of dollars in claims, according to new federal data compiled by the National Resources Defense Council. Four states account …

AccuWeather Estimates $7B in Damage and Economic Loss from North Carolina Storm

AccuWeather on Wednesday issued a preliminary estimate of the total damage and economic loss from an unnamed storm that struck North Carolina starting last week at $7 billion. Storm effects are continuing to be felt, and some areas have yet …

European Cities Brace for Peak of Floods as Cleanup Starts

Cities from Budapest to Wroclaw in Poland are racing to build up their defenses as floodwaters peak over the coming days. The floods that unleashed destruction across central Europe are receding in many places after the torrential rain from Storm …

Top of Travelers’ List of Most Common Wedding Insurance Claims Not So Surprising

When something goes wrong at a wedding and a claim is filed, one of the most common reasons behind the snafu is not too surprising—someone likely wasn’t doing their job. Vendor difficulties topped the list of wedding claims. Nearly half …

U.S. Property Insurance Rates Fall for First Time Since 2017

U.S. property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid lower losses tied to catastrophes. The average U.S. property insurance rate decreased 0.94% in the second quarter from a year …

Hawaii Probe Finds No Single Factor Led to Maui Wildfire Losses

No single factor led a fire in the seaside Hawaiian town of Lahaina last year to rage out of control and kill 102 people, according to a state report that assesses the government’s response to the disaster but not its …

A Continent Ablaze: South America Surpasses Record for Fires

South America is being ravaged by fire from Brazil’s Amazon rainforest through the world’s largest wetlands to dry forests in Bolivia, breaking a previous record for the number of blazes seen in a year up to Sept. 11. Satellite data …