Some Houses Are Being Built to Stand Up to Hurricanes and Sharply Cut Emissions, Too November 6, 2023 By Isabella O'Malley When Hurricane Michael hit the Florida Panhandle five years ago, it left boats, cars and trucks piled up to the...
Catastrophe Bond Market Defies Global Selloff With Record Returns October 16, 2023 By Gautam Naik As bond markets everywhere get battered by a cocktail of higher interest rates, deficit angst and hawkish central bankers, one...
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...
Climate Change Is Causing an Insurance Crisis in Louisiana September 12, 2023 By Leslie Kaufman A little over a year ago, Peter Gardner, a Louisiana developer, completed rehabbing an apartment building with 144 units and...
Hurricane Idalia Intensifies as It Churns Toward Florida August 29, 2023 By Brian K. Sullivan, Mark Chediak and Brian Wingfield Hurricane Idalia is gathering force in advance of a landfall on Florida’s west coast, where it could drive a deadly...
RLI Sees Up to $75 Million in Catastrophe Losses from Hawaiian Wildfires in Q3 August 24, 2023 Property and casualty insurer RLI Corp said on Wednesday it expects to record pretax net catastrophe losses of between $65...
California’s Desert and Mountain Towns Dig Out From Hilary’s Mud August 23, 2023 By MARK J. TERRILL, JOHN ANTCZAK and JULIE WATSON Crews worked to dig roads, buildings and care home residents out of the mud across a wide swath of Southwestern...
Severe Weather Set to Boost U.S. Disaster Funding Needs, FEMA Says August 23, 2023 By Alicia Diaz Growing extreme-weather risks mean President Joe Biden’s expected request for billions in extra disaster-relief funding might not be enough for...
Hilary Hammers California With Flooding Rain and Blackouts August 21, 2023 By Brian K. Sullivan and Brian Wingfield The remnants of Tropical Storm Hilary pummeled California with flooding rains on Monday, disrupting flights and knocking out power across...
Dam in Norway Partially Bursts After Days of Heavy Rain, Flooding and Evacuations August 10, 2023 By Jan M. Olsen COPENHAGEN, Denmark (AP) — A dam in southern Norway partially burst Wednesday following days of heavy rain that triggered landslides...