Global economic losses could reach $5 trillion under a “plausible increase” in extreme weather events linked to climate change that cause crop failures and food and water shortages, insurance marketplace Lloyd’s of London said on Wednesday. Lloyd’s, which carried out …
Geico General Insurance Co. must face a class action suit alleging that it has been underpaying benefits to its insureds injured in automobile accidents. U.S. District Court Judge Dora L. Irizarry in federal court in Eastern New York has certified …
Natural disasters, many driven by climate change, caused global economic losses of $313 billion in 2022, insurance broker Aon estimated on Wednesday, of which less than half was insured. Losses from natural catastrophes covered by the insurance sector amounted to …
A scientific basis exists to calculate how much one country’s carbon emissions have damaged the economy of another, a study said on Tuesday of a development it billed as a potential game-changer for climate litigation. The research by U.S.-based Dartmouth …
BERLIN (AP)–Damage wrought by Hurricane Ida in the U.S. state of Louisiana and the flash floods that hit Europe last summer helped make 2021 one of the most expensive years for natural disasters, reinsurance company Munich Re said Monday. The …
COP26 climate talks in Glasgow starting next Sunday may be the world’s best last chance to cap global warming at the 1.5-2 degrees Celsius upper limit set out in the 2015 Paris Agreement. The stakes for the planet are huge …
If you’re having trouble wrapping your mind around the scree of natural catastrophes currently plaguing the world—from deadly July floods in Germany and China to the wildfires still burning in Greece, California and Siberia —you may be interested to know …
Hurricane Laura is set to slam into the U.S. Gulf Coast early Thursday as an extremely powerful Category 4 storm, unleashing deadly storm surges, flash floods and destructive winds that could inflict as much as $25 billion in damages. Laura …
A deadly spell of forest fires in Indonesia’s main palm oil producing regions earlier this year may have cost the country $5.2 billion in economic losses, according to the World Bank. The fires, the worst since 2015, torched about 620,201 …
Economic damage from a Colorado mine waste spill caused by the U.S. Environmental Protection Agency may be far less than originally feared after attorneys drastically reduced some of the larger claims, The Associated Press has learned. Farmers, business owners, residents …