Southern California Edison says nearly a quarter of the utility poles checked in a recent study were overloaded and didn’t meet safety requirements. The Orange County Register says the figure comes from a study that the state Public Utilities Commission …
According to the latest estimates, Superstorm Sandy could cost insurers up to $20 billion in insured losses and up to $50 billion in economic losses. Tom Teixeira, a practice leader in Willis Global Solutions, said the numbers are not surprising. …
Businesses in New York and New Jersey that were preparing insurance claims for losses from Superstorm Sandy now have a second headache: how to deal with new losses from an early winter snow storm. The snow and wind from the …
Cuba’s second city is still struggling to recover from the effects of Hurricane Sandy even as streetlamps in hard-hit lower Manhattan shine brightly and its subways begin rumbling through tunnels again. Two weeks after the storm blasted through Santiago, Cuba, …
Superstorm Sandy knocked off nearly $4 billion of retail sales last week in the hard-hit Mid-Atlantic and Northeast region, nearly 20 percent of the usual total, according to a figures released Tuesday by a retail data service. MasterCard Advisors’ SpendingPulse …
Widespread power outages and subway shutdowns may wind up making Superstorm Sandy the second most expensive storm in U.S. history, according to the forecasting firm Eqecat. That would rank it right behind Hurricane Katrina. Eqecat said Thursday that the damage …
Faced with the prospect of days without power and swaths of the city plunged into darkness at night, police brought in banks of lights and boosted patrols to reassure victims of a monster storm that they won’t be victims of …
Insurers say they are making the usual preparations for a hurricane – activating claims teams, staging adjusters near the locations most likely to be affected and generally getting ready to pay for a potentially huge volume of losses. “We plan …
It could be several more days before electricity is restored to areas hit by vicious storms that killed at least 13 people and left 3 million power customers to negotiate sweltering temperatures without air conditioning. Across a swath from Indiana …
Hurricane-strength winds have swept over large parts of the Nordics, causing major power outages and leaving many Christmas holidaymakers stranded as it ripped down trees that blocked both roads and railway lines. No injuries were reported, but the winds measured …