economic damage News

Hurricane Phoenix is Tampa Bay’s Worst-Case Scenario

TAMPA, Fla. — It is only a simulation. It’s also the worst-case scenario. One day, it could be reality. “Hurricane Phoenix” is the hypothetical disaster that would change life in the Tampa Bay area forever. Imagine a Category 5 storm …

Chubb Urges U.S. and Insurers to Team Up for Future Pandemic Costs

Chubb Ltd. proposed that insurers and the U.S. government work together to cover future business-interruption losses from pandemics, as the industry faces a flurry of lawsuits over costs related to coronavirus-related shutdowns. Chubb, the large global insurer led by Evan …

As Nation Reopens, a Historic Referendum on Risk Begins

WASHINGTON — We are becoming a nation of amateur actuaries, calculating the risk of restarting our lives. Can we go outside? Can we go back to work? Can we go to a restaurant or bar? Can we go to the …

Report Makes Chilling Forecast on Northwest Quake

More than 10,000 people could die when – not if – a monster earthquake and tsunami occur just off the Pacific Northwest coast, researchers told Oregon legislators Thursday. Coastal towns would be inundated. Schools, buildings and bridges would collapse, and …