Storm Hitting Chinese Ports is a Wakeup Call for Climate Risk to Markets December 12, 2023 DUBAI —As Typhoon Doksuri aimed toward mainland China, major southeast ports were forced to turn away dozens of vessels for...
Extreme Weather Can Hit Farmers Hard. Those With Smaller Farming Operations Often Pay the Price November 20, 2023 MAYFIELD, Ky. (AP) — Justin Ralph estimates he`s made about 200 trips delivering grain from the fields he farms with...
Some Houses Are Being Built to Stand Up to Hurricanes and Sharply Cut Emissions, Too November 6, 2023 By Isabella O'Malley When Hurricane Michael hit the Florida Panhandle five years ago, it left boats, cars and trucks piled up to the...
Catastrophe Bond Market Defies Global Selloff With Record Returns October 16, 2023 By Gautam Naik As bond markets everywhere get battered by a cocktail of higher interest rates, deficit angst and hawkish central bankers, one...
Global Economic Losses from Extreme Weather Could Hit $5 Trillion – Lloyd’s October 11, 2023 Global economic losses could reach $5 trillion under a “plausible increase” in extreme weather events linked to climate change that...
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...