AccuWeather’s U.S. Preliminary Estimate of Damage and Economic Loss from Debby is $28B August 9, 2024 The total damage and economic loss from Hurricane Debby in the U.S. is expected to be $28 billion, according to...
Global Economic Losses from Extreme Weather Could Hit $5 Trillion – Lloyd’s October 11, 2023 Global economic losses could reach $5 trillion under a “plausible increase” in extreme weather events linked to climate change that...
Federal Judge Clears Class-Action Suit Alleging Geico Underpaid Auto Claims March 28, 2023 By Andrew G. Simpson Geico General Insurance Co. must face a class action suit alleging that it has been underpaying benefits to its insureds...
Natural Disasters Caused $313B Economic Loss in 2022 – Aon January 25, 2023 Natural disasters, many driven by climate change, caused global economic losses of $313 billion in 2022, insurance broker Aon estimated...
Science Offers Basis for National Climate Damage Claims — Study July 12, 2022 By Mark John A scientific basis exists to calculate how much one country’s carbon emissions have damaged the economy of another, a study...
Hurricane Ida, Europe Floods Made 2021 Costly For Disasters January 11, 2022 By Frank Jordans BERLIN (AP)–Damage wrought by Hurricane Ida in the U.S. state of Louisiana and the flash floods that hit Europe last...
Climate Change: What Are the Economic Stakes? October 26, 2021 By Anthony Boadle COP26 climate talks in Glasgow starting next Sunday may be the world’s best last chance to cap global warming at...
Why Snow, Hail and Wildfire Are Expensive for the Insurance Industry August 16, 2021 By Leslie Kaufman If you’re having trouble wrapping your mind around the scree of natural catastrophes currently plaguing the world—from deadly July floods...
Laura Is Poised to Become a ‘Catastrophic’ Category 4 Hurricane August 26, 2020 By Brian K. Sullivan Hurricane Laura is set to slam into the U.S. Gulf Coast early Thursday as an extremely powerful Category 4 storm,...
Forest Fires Cost Indonesia $5.2 Billion in Economic Losses December 11, 2019 By Yoga Rusmana A deadly spell of forest fires in Indonesia’s main palm oil producing regions earlier this year may have cost the...