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 …
Total U.S. economic losses from Hurricane Matthew were forecast to range as high as $10 billion, while public and private insurance losses were estimated to possibly reach $5 billion, according to Impact Forecasting. Aon Benfield’s catastrophe model development team released …
BP Plc can’t recover hundreds of millions of dollars it claims to have overpaid some victims for economic losses from the 2010 Gulf of Mexico oil spill, a U.S. judge said. After the court revised the method for calculating such …
An interesting issue came before the U.S. District Court for the Northern District of California recently. In Travelers Property Cas. Co. of America v. Mixt Greens, Inc., 2014 WL 1246686 (March 25, 2014), litigation was brought because the ventilation system …
When suburban New York delicatessen owner P.J. Whelan heard the findings of a Federal Reserve Bank of New York poll released Monday on Superstorm Sandy’s effect on small businesses, he began nodding in agreement. “They got those numbers right,” the …