disaster News

Anchorage School District Weighing Cost of Earthquake Relief

ANCHORAGE, Alaska — Negotiations between the Anchorage School District and the federal government over earthquake damage relief could result in the district turning down millions in funds, an official said. The negotiations over money to repair damage caused by the …

Natural Disaster Losses Decline After Major Storms Spare U.S.

Insurance losses from natural disasters fell last year after the U.S. was spared the full wrath of a major Atlantic hurricane. That’s according to the reinsurance firm Munich Re, which recorded total losses of $150 billion from events like hurricanes, …

California Eyes Climate Bond to Prepare for Disasters

SACRAMENTO, Calif. — In a state burdened by billions of dollars in wildfire damage, California lawmakers are hoping for an advance loan before the next climate-fueled catastrophe hits. Lawmakers in the Democratic-dominated state Legislature return to work Monday for the …

Wildfire-Weary Australians Eye Christmas Blighted by Blazes

Australia’s devastating wildfires, which at the weekend destroyed close to 200 homes and claimed another life, show no sign of abating and are poised to blight Christmas celebrations. Around 200 blazes were burning across the world’s driest inhabited continent on …

Rising U.S. Losses From Powerful Hurricanes Flag Need for Better Protection

Only a few U.S. states are taking significant steps to reduce hurricane risks, as a study this week showed the most damaging storms are now three times as frequent as a century ago and have become the costliest type of …

Munich Re Tool Allows Fast Post-Disaster Damage Assessments

Munich Re had teamed up with a unit of the National Insurance Crime Bureau to offer insurance carriers an analytics tool that can quickly assess property damage after natural catastrophes and speed up claims payments. Roman Buegler, head of Munich …

Texas Housing Program Aims to Rebuild Faster after Disaster

HOUSTON — For Houston resident Scenacia Jones, the experience of getting her new home through an innovative way of building post-disaster housing was like an experiment. Jones and her two children had been living in a shelter for single parents …

IBM-Backed Project Creates Wi-Fi Network For Natural Disasters

About the photo: Hardware from Project OWL, an IoT software solution that keeps first responders and victims connected in a natural disaster, at their work space in Brooklyn, New York on May 2, 2019. Photographer David Williams/Bloomberg. From a cramped …

RIMS Speakers Offer Guidance on Preparing for Disaster

BOSTON — Preparing for the unthinkable requires a lot thought. Risk management professionals on Monday cautioned audiences of the myriad pitfalls in planning for catastrophes during the Risk & Insurance Management Society’s annual conference at the Boston Convention and Exhibition …

Climate Advocates Cheer Trump Policy Shift on Flood Insurance

About the photo: A member of a search and rescue team wades through floodwaters after Hurricane Florence in Carolina Beach, North Carolina on Sept. 17, 2018. Photographer: Callaghan O’Hare/Bloomberg Climate advocates say an overhaul of the nation’s flood insurance program …