One of the world’s top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes, according to three people familiar with the matter. French insurer AXA SA has been discussing …
PHOENIX (AP) – Heat waves like the one that engulfed parts of parts of the South and Midwest and killed more than a dozen people are becoming more common, and experts say the extreme weather events, which claim more lives …
Is it possible to predict exactly where the wind will blow? How about where it will blow 30 years from now? The First Street Foundation, a nonprofit that works to define and communicate risks posed by climate change, says it …
What used to be a rare one-two punch of consecutive hurricanes hitting about the same place in the United States weeks apart seems to be happening more often, and a new study says climate change will make back-to-back storms more …
BATON ROUGE, La. (AP) — As Louisiana lawmakers continue to discuss a proposed bill that would allocate $45 million to an incentive program designed to entice more insurers to the state and hopefully drive down premium costs, state Insurance Commissioner …
BATON ROUGE, La. (AP) — As insurers in Louisiana flee the state and residents face exorbitant, and in some cases unaffordable, property insurance costs lawmakers returned to the Capitol Monday for a special legislative session to address the ongoing crisis. …
ST. PETERSBURG, Fla. (AP) — After 18 years, a $1.5 billion project was officially completed Wednesday to repair the sprawling dike around Florida’s Lake Okeechobee that protects thousands of people from potentially catastrophic flooding during hurricanes. The Herbert Hoover Dike …
Natural disasters, many driven by climate change, caused global economic losses of $313 billion in 2022, insurance broker Aon estimated on Wednesday, of which less than half was insured. Losses from natural catastrophes covered by the insurance sector amounted to …
BATON ROUGE, La. (AP) — As Louisiana continues to be plagued by insurance woes, with insurers leaving or going out of business in the hurricane-stricken state, some lawmakers say a special legislative session to address the crisis is imminent. Discussions …
JACKSONVILLE, Fla. (AP) — While crews finish final details of a widespread St. Johns County beach repair project, county officials are considering work next year to undo erosion from Tropical Storms Ian and Nicole. “In five to six months, we …