Hurricane Helene is expected to hit Florida as a Category 3, and a property data firm estimates that nearly 25,000 residential properties with a combined reconstruction cost value of $5.6 billion are at risk to storm surge flooding—a reinsurer estimates …
Tropical Storm Helene grew stronger as it moved into the Gulf of Mexico, where it threatens to clip the Yucatan Peninsula before striking Florida’s west coast as a major hurricane on Thursday. Helene’s winds rose to 70 miles (113 kilometers) …
The soaring cost and difficulty of insuring against climate risks may force people to relocate, the head of Canada’s main financial regulator warned. Rising damages from extreme weather don’t seem to be a regulatory problem, but rather a cost problem, …
The U.S. Gulf Coast from Mississippi to the Florida Panhandle is at risk of a hurricane strike by the end of the week as a patch of turbulent weather in the Atlantic becomes more organized. Currently a swirl of thunderstorms …
AccuWeather on Wednesday issued a preliminary estimate of the total damage and economic loss from an unnamed storm that struck North Carolina starting last week at $7 billion. Storm effects are continuing to be felt, and some areas have yet …
U.S. private market insured losses from Hurricane Francine are estimated to not exceed $2 billion, Moody’s RMS Event Response team said. Losses to the National Flood Insurance Program from the hurricane are estimated to be less than $200 million, the …
Cities from Budapest to Wroclaw in Poland are racing to build up their defenses as floodwaters peak over the coming days. The floods that unleashed destruction across central Europe are receding in many places after the torrential rain from Storm …
When something goes wrong at a wedding and a claim is filed, one of the most common reasons behind the snafu is not too surprising—someone likely wasn’t doing their job. Vendor difficulties topped the list of wedding claims. Nearly half …
U.S. property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid lower losses tied to catastrophes. The average U.S. property insurance rate decreased 0.94% in the second quarter from a year …
Parts of North Carolina saw something Monday that has not been seen in hundreds, or perhaps 1,000 years – 18 inches of rain in half a day. That’s “once in every 1,000 years!” the National Weather Service said on social …