LONDON —Insured losses stemming from natural catastrophes rose to $50 billion in the first half of 2023, the second highest reading since 2011, reinsurer Swiss Re said on Wednesday. Severe thunderstorms accounted for 70% of total insured losses, while the …
ATHENS, Greece (AP) — Firefighting aircraft and ground crews from other countries headed to Greece on Thursday to help battle wildfires that have intensified as a heat wave baked much of southern Europe in temperatures above 40 degrees Celsius (104 …
Shares of Progressive Corp. fell the most since 2000 after the insurance company released second quarter results that missed analysts’ estimates. The stock tumbled by about 13% on Thursday, following the report that its combined ratio — a measure of …
SPRINGFIELD, Ill. (AP) – The fierce derecho that tore through Springfield late last week snapped massive utility poles and trees, causing widespread power outages that are expected to leave many homes in the dark for several more days, officials said …
Heavy rains that flooded Chicago neighborhoods, rendered freeways impassable and wreaked havoc on NASCAR street races downtown Sunday are serving as stark reminders of urban centers’ vulnerability during extreme weather events. After a historic deluge in April in Fort Lauderdale, …
A summer that has already seen water crises and wildfire smoke is rapidly becoming an inflection point in the pitched battle between climate change and the price of homeowners’ insurance in the US. American International Group Inc., which has already …
GENEVA (AP) – The economic damage of weather- and climate-related disasters continues to rise, even as improvements in early warning have helped reduce the human toll, the U.N. weather agency said Monday. The World Meteorological Organization, in an updated report, …
WASHINGTON (AP) — An overwhelming majority of people in the United States say they have recently experienced an extreme weather event, a new poll shows, and most of them attribute that to climate change. But even as many across the …
BANGKOK (AP) – A tornado that tore through two villages in central Myanmar near the capital Naypyitaw killed eight people and destroyed more than 200 houses, a rescue worker said Saturday. The tornado hit Aung Myin Kone and Tadau villages …
LOS ANGELES (AP) — Key roadways remained closed and officials estimated thousand of homes were seriously damaged in California as weeks of wild weather that flooded roadways, collapsed hillsides and toppled countless trees finally became calm Tuesday. Tallying the damage …