Billion-dollar flood losses were recorded in China, Russia, Philippines and Pakistan during August, causing an initial combined estimate of $10 billion in economic losses, according to Impact Forecasting’s latest edition of its monthly Global Catastrophe Recap report, which reviews the …
Total economic losses due to power outages in the United States are estimated to be over $100 billion per year, according to Robin Luo, vice president and blackout model project manager at Hartford Steam Boiler. The main causes of electrical …
The United States were impacted by several severe windstorm events during the month of May, including Moore, Okla., where a catastrophic EF-5 tornado killed 24 people, injured 387 others, and damaged or destroyed up to 13,000 homes and structures. Total …
Economic losses from disasters since 2000 are in the range of $2.5 trillion, a figure at least 50 percent higher than previous international estimates, according to a U.N. report released Wednesday. The U.N. Office for Disaster Risk Reduction warned in …
The Arkansas Supreme Court has affirmed a nearly $50 million verdict for farmers who claim they suffered economic losses after genetically altered rice seeds produced by Bayer CropScience contaminated the food supply and hurt their crop prices. Before Thursday’s ruling, …
An upcoming cycle of stormy solar activity risks causing damage to electrical transformers and threatening vulnerable energy infrastructure around the globe, a report by an insurance group says. The sun follows a predictable 11 year activity cycle, with the next …
Seasonal monsoonal rains triggered significant flooding and landslide events throughout parts of Asia in September totaling nearly $7 billion in economic losses, with China, Thailand, India, Pakistan and Cambodia particularly affected, according to the latest edition of the Monthly Cat …