As the best hedge fund strategy of 2023 becomes a magnet for mainstream investors, the risk models it relies on are getting a lot tougher to crack. The strategy in question is tied to insurance-linked securities, which are dominated by …
Last year saw 141 days with large hail (2 inch or greater)—the highest number of days in 20 years, according to a new report by CoreLogic. The 2024 Severe Convective Storm Report details how severe thunderstorm risk is growing in …
Allstate Corp. on Thursday reported January pretax catastrophe losses of $276 million. The Northbrook, Illinois-based insurer reached its $150 million threshold to report catastrophe losses following several months of low totals. Consolidated catastrophe losses for the fourth quarter 2023 totaled …
California’s flood threat isn’t over even as the storm currently battering the state whirls its way across the US West. The US Climate Prediction Center said there is the potential for more heavy rain and snow across Southern California and …
ST. LOUIS (AP) — Flooding is driving millions of people to move out of their homes, limiting growth in some prospering communities and accelerating the decline of others, according to a new study that details how climate change and flooding …
EL BOSQUE, Mexico (AP) — People moved to El Bosque on the Gulf of Mexico in the 1980s to fish and build a community. Then climate change set the sea against the town. Flooding driven by some of the world’s …
NEW YORK (AP) — A growing number of Americans are finding it difficult to afford insurance on their homes, a problem only expected to worsen because insurers and lawmakers have underestimated the impact of climate change, a new report says. …
Torrential downpours unleashed flash floods on the U.S. Northeast on Monday that washed out roadways, overwhelmed rivers, prompted 50 swift boat rescues and killed a woman who was swept away in front of her fiancé, officials said. More than 13 …
An oppressive heat wave blamed for at least 13 deaths in Texas and one in Louisiana blanketed the South on Thursday, as authorities warned of dangerous, triple-digit temperatures. Extreme heat and humidity increased the potential for heat-related illnesses, and lingering …
MANILA, Philippines (AP) — More than 100 people have died in one of the most destructive storms to lash the Philippines this year with dozens more feared missing after villagers fled in the wrong direction and got buried in a …