The floods that devastated the Spanish region of Valencia at the end of last month are expected to trigger total insurance losses in excess of €3.5 billion ($3.8 billion), Moody’s estimates. The projection is based on the first 72,000 insurance …
There are major climate finance fights ahead at this year’s COP29 summit in Azerbaijan. The United Nations’ meeting kicking off next week brings with it a clear goal: Figuring out how to scale up finance to help developing countries embark …
Hurricane Rafael, which struck Cuba with heavy rainfall and flooding as well as gusts and rain in the Florida Keys on Wednesday, is now just over 200 miles to the West of Keys, according to the National Hurricane Center. The …
It’s been a busy weather year. There have been 24 confirmed weather/climate disaster events with losses exceeding $1 billion each to affect the U.S. as of Nov. 1, according to the National Oceanic and Atmospheric Administration. Related: KBRA Says Florida …
Flooding from Hurricane Milton appears to have been more extensive than initially determined, affecting almost 185,000 buildings all across Florida, says a new analysis from ICEYE, a firm that uses satellite images to measure damage for the insurance industry. The …
Taiwan will suspend trading on its $2.5 trillion stock exchange Thursday as a powerful typhoon barrels toward the archipelago. Super Typhoon Kong-Rey has intensified as it skirts the Philippines and tracks toward Taiwan, where it’s expected to make landfall on …
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 …
Hurricane Milton’s devastating path across Florida has left at least 10 dead, millions without power, and destroyed homes and crops, as authorities warn it could take days to assess the full extent of the damages. Milton delivered a quick, hard …
The total damage and economic loss from Hurricane Milton will be between $160 billion and $180 billion, according to a preliminary estimate from AccuWeather on Thursday. After making landfall as a Category 3 hurricane, Milton will go down as one …
Hurricane Milton roared ashore in Florida near Sarasota late Wednesday knocking out power to more than 3 million customers and causing widespread flooding. But officials were cautiously optimistic that damage won’t reach the level wrought by Hurricane Ian in 2022. …