Climate Change Is Causing an Insurance Crisis in Louisiana September 12, 2023 By Leslie Kaufman A little over a year ago, Peter Gardner, a Louisiana developer, completed rehabbing an apartment building with 144 units and...
Hurricane Idalia Intensifies as It Churns Toward Florida August 29, 2023 By Brian K. Sullivan, Mark Chediak and Brian Wingfield Hurricane Idalia is gathering force in advance of a landfall on Florida’s west coast, where it could drive a deadly...
RLI Sees Up to $75 Million in Catastrophe Losses from Hawaiian Wildfires in Q3 August 24, 2023 Property and casualty insurer RLI Corp said on Wednesday it expects to record pretax net catastrophe losses of between $65...
California’s Desert and Mountain Towns Dig Out From Hilary’s Mud August 23, 2023 By MARK J. TERRILL, JOHN ANTCZAK and JULIE WATSON Crews worked to dig roads, buildings and care home residents out of the mud across a wide swath of Southwestern...
Severe Weather Set to Boost U.S. Disaster Funding Needs, FEMA Says August 23, 2023 By Alicia Diaz Growing extreme-weather risks mean President Joe Biden’s expected request for billions in extra disaster-relief funding might not be enough for...
Hilary Hammers California With Flooding Rain and Blackouts August 21, 2023 By Brian K. Sullivan and Brian Wingfield The remnants of Tropical Storm Hilary pummeled California with flooding rains on Monday, disrupting flights and knocking out power across...
Dam in Norway Partially Bursts After Days of Heavy Rain, Flooding and Evacuations August 10, 2023 By Jan M. Olsen COPENHAGEN, Denmark (AP) — A dam in southern Norway partially burst Wednesday following days of heavy rain that triggered landslides...
Swiss Re Says Natural Catastrophe Insured Losses Hit $50B in H1 August 9, 2023 By Simon Jessop, Alessandro Parodi and Laura Lenkiewicz LONDON —Insured losses stemming from natural catastrophes rose to $50 billion in the first half of 2023, the second highest...
European Union Rushes Firefighters to Greece as Grueling Mediterranean Heat Wave Takes Toll July 20, 2023 By Derek Gatopoulos, Nicole Winfield and David Brunat ATHENS, Greece (AP) — Firefighting aircraft and ground crews from other countries headed to Greece on Thursday to help battle...
Progressive Caps Its Worst Day Since 2000 After Results July 18, 2023 By Bre Bradham and Max Reyes Shares of Progressive Corp. fell the most since 2000 after the insurance company released second quarter results that missed analysts’...