The Federal Emergency Management Agency can meet immediate needs but does not have enough funding to make it through the hurricane season, Homeland Security Secretary Alejandro Mayorkas told reporters this week. The agency is being stretched as it works with …
Over the last 20 years, the role of the claims handler has evolved significantly, from a largely back-office function to one centred around partnership and mutual benefit. In today’s market, claims is now at the forefront of client-insurer relationships, playing …
AccuWeather has increased its estimate of the total damage and economic loss from Hurricane Helene in the U.S. to between $225 billion and $250 billion. The update accounts for new verified information, including the loss of life, the immediate and …
Privately insured losses from Hurricane Helene will be about $6.4 billion from wind, storm surge and inland flooding in nine states, according to Karen Clark & Co., a well-regarded storm modeling and analytics firm. The figure includes residential, commercial and …
The fire that razed the historic Maui town of Lahaina last year was caused when Hawaiian Electric Industries Inc. re-energized broken utility lines that caused sparks to ignite unmaintained dry vegetation, the Maui Fire Department said. The blaze was a …
As flooding hammered Appalachia in the aftermath of Hurricane Helene, residents became intimately familiar with a new norm in the US’s post-storm script: dams at imminent risk of failing. Officials last week said multiple dams were on the brink, including …
President Joe Biden said he directed the Pentagon to send up to 1,000 active duty troops to help with recovery operations in North Carolina ahead of a trip to one of the states hardest hit by Hurricane Helene to survey …
State Farm General Insurance Co. and Citizens Property Insurance Corp. are bracing for the insurance industry’s largest losses from damage caused by Hurricane Helene, which is quickly becoming one of the costliest storms in U.S. history. State Farm was the …
Hurricane Helene has halted chicken processing plants and caused severe damage to some flocks, while also downing pecan trees and flattening cotton crops, as floodwaters swamped the southern U.S. Every commodity was impacted, with cotton, pecans, poultry and timber the …
AccuWeather increased its estimate of the total damage and economic loss from Hurricane Helene to between $145 billion and $160 billion. This update is an increase from AccuWeather’s preliminary estimate late last week of total damage and economic loss of …