Barcelona’s transport system ground to a halt, as Catalonia was the latest Spanish region to be hit by extreme storms that killed more than 200 people in neighboring Valencia last week. Flooded streets brought traffic to a standstill in the …
Allstate Corp. said its net income attributable to common shareholders for the third quarter was about $1.2 billion compared to a loss of $41 million during the same time a year ago. The Northbrook, Illinois-based insurer recorded an improvement in …
Officials in two Southeastern states have taken steps to hold insurers or recipients of insurance funds accountable after Hurricanes Helene and Milton spurred thousands of insurance claims. The Tennessee Department of Commerce and Insurance reminded insurance carriers that they must …
Nearly 1,000 hurricane-impacted households in North Carolina and Florida will benefit this week from a new disaster aid program that employs a model not commonly used by philanthropy in the United States: Giving people rapid, direct cash payments. The nonprofit …
North Carolina Gov. Roy Cooper approved more than $600 million worth of disaster relief funding Friday for western North Carolina counties affected by Hurricane Helene after legislators passed the recovery bill the day before. The bill is the second legislative …
The third quarter of 2024 saw a number of significant disaster events, which drove year-to date economic losses above at least $258 billion and insured losses of $102 billion, according to Aon plc in its Q3 Global Catastrophe Recap – …
More loss and claims estimates are trickling in from carriers after Hurricane Milton caused widespread wind and flood damage in Florida this month. Tampa-based Heritage Insurance Holdings said in a preliminary statement that about two weeks after Milton made landfall …
Almost two weeks after Hurricane Milton made landfall near Sarasota, Florida, as a Category 3 storm, claims and loss totals continue to rise. As of Oct. 21, the Florida Office of Insurance Regulation said carriers had reported more than 221,582 …
Winter weather has already caused an estimated $61.8 million in property damage in 2024, and the coldest time of the year is a ways off. The damage from winter storms in the first half of the year may be large, …
Officials called Hurricane Helene’s deadly rainfall and floods “biblical” and “generational.” But weather forecasters used another term: “once in 1,000 years.” Helene was actually the second once-in-a-millennium storm to strike North Carolina in a matter of days. Less than two …