Florida’s Heritage Insurance Reports 5,400 Claims, $57M in Cat Losses From Milton October 24, 2024 By William Rabb More loss and claims estimates are trickling in from carriers after Hurricane Milton caused widespread wind and flood damage in...
Dam Disaster Deal Should Curb Lawsuits Against Vale And BHP, Sources Say October 23, 2024 By Marta Nogueira, Lisandra Paraguassu, Ricardo Britto and Luana Maria Benedito An agreement by Vale, BHP and their joint venture Samarco to pay 170 billion reais ($29.85 billion) in compensation for...
Report: Natural Disaster Losses Below Average Through Q3, Despite Higher Frequency October 16, 2024 Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according...
Verisk Estimates Insured Losses for Hurricane Milton at Between $30B and $50B October 16, 2024 Insured industry losses to onshore property for Hurricane Milton will fall between $30 billion and $50 billion, according to an...
AccuWeather Estimates Damage and Economic Loss from Milton at $160B to $180B October 10, 2024 The total damage and economic loss from Hurricane Milton will be between $160 billion and $180 billion, according to a...
American Dams Weren’t Built for Today’s Climate-Charged Rain and Floods October 3, 2024 By Kendra Pierre-Louis and Leslie Kaufman As flooding hammered Appalachia in the aftermath of Hurricane Helene, residents became intimately familiar with a new norm in the...
Helene Unleashes Floods and Knocks out Power to Millions September 27, 2024 By Brian K. Sullivan Tropical Storm Helene is triggering dangerous rain and flooding across the US South, where it has killed at least six...
AccuWeather Says Storm Expected to Hit Gulf Coast to Become Category 3 Hurricane September 23, 2024 A weather service said a brewing storm headed toward the Gulf Coast is expected to become “a large hurricane with...
‘Doomsday’ Glacier Set to Melt Faster, Swell Seas as World Heats up September 23, 2024 By Danielle Bochove Tidal action on the underside of the Thwaites Glacier in the Antarctic will “inexorably” accelerate melting this century, according to...
Moody’s: Private Market Insured Losses From Francine Won’t Exceed $2B September 18, 2024 U.S. private market insured losses from Hurricane Francine are estimated to not exceed $2 billion, Moody’s RMS Event Response team...