Ratings analysts A.M. Best and Moody’s are expecting property/casualty insurers and reinsurers to suffer meaningful losses from Hurricane Laura. A.M. Best expects losses from Hurricane Laura to place added stress on its rated insurance companies’ balance sheets, which it adds …
U.S. energy companies on Thursday were organizing crews and beginning to review offshore Gulf of Mexico platforms and assess damage to coastal operations as Hurricane Laura took its fierce winds inland. The storm hit Louisiana early Thursday with 150 mile-per-hour …
As Hurricane Laura pounded the U.S. Gulf Coast with nearly 150 mile-per-hour winds, causing water levels to rise almost 10 feet above normal in the wee hours of the morning, wildfires in California were still raging across more than a …
Five major oil refineries that produce 10 percent of the U.S. supply lie within a zone where catastrophic damage is expected from Hurricane Laura, according to a blog posted by Enki Research on Wednesday afternoon. The hurricane was forecast to …
Hurricane Laura is set to slam into the U.S. Gulf Coast early Thursday as an extremely powerful Category 4 storm, unleashing deadly storm surges, flash floods and destructive winds that could inflict as much as $25 billion in damages. Laura …
Hurricane Laura was bearing down on the U.S. Gulf Coast on Tuesday, threatening fierce winds and storm surge from San Luis Pass, Texas to Ocean Springs, Mississippi and prompting thousands to evacuate before an expected Thursday landfall. The storm strengthened …