Hurricane Matthew News

Munich Re: 2016 Global Natural Catastrophe Losses Climb, Total $175B

A number of devastating earthquakes and powerful storms made 2016 the costliest twelve months for natural catastrophe losses in the last four years, according to Munich Re. Losses totaled $175 billion, more than two thirds above the previous year and …

North Carolina Gov. Wants $200M From Legislature for Matthew, Wildfires

On the eve of a special session for disaster relief, Gov. Pat McCrory asked the North Carolina legislature to approve $200 million to help with short-term recovery and long-term rebuilding after Hurricane Matthew and mountain wildfires this fall. In a …

College Disaster Prep Officials Prepare for the Unexpected

When Jefferson Community College was making plans to build its first residence hall, there was one must-have for President Carole McCoy: generators for backup if the power went out. With her campus in Watertown, New York in the bulls-eye of …

BoatUS Estimates Hurricane Matthew Damage to Recreational Boats at $110M

Hurricane Matthew, which threatened four coastal states as it corkscrewed through the Atlantic in early October, caused an estimated $110 million in damage to recreational boats, according to Boat Owners Association of The United States (BoatUS). The national advocacy, services …

I.I.I.: 2016 Atlantic Hurricane Season Most Active in 4 Years

The 2016 Atlantic hurricane season concluded yesterday with 15 named storms generating seven hurricanes, three of which were considered major ones, according to the Insurance Information Institute (I.I.I.). The National Oceanic and Atmospheric Administration (NOAA) said it was the busiest …

Virginia Flood Damage Costliest Since Hurricane Isabel

Virginia suffered only a glancing blow from Hurricane Matthew last month when unprecedented amounts of rain fell, but on Wednesday officials estimated flood damage to be hundreds of millions of dollars, making it the costliest storm since Hurricane Isabel in …

Advanced Weather Satellite Launches into Space, Promises Faster Forecasts

The most advanced weather satellite ever built rocketed into space Saturday night, part of an $11 billion effort to revolutionize forecasting and save lives. This new GOES-R spacecraft will track U.S. weather as never before: hurricanes, tornadoes, flooding, volcanic ash …

Hurricane Cleanup Costs Rise in Georgia Coastal County

Cleanup costs keep rising in Chatham County, along Georgia’s coast, in the wake of Hurricane Matthew. The latest estimate of the funds needed to recover from damage in unincorporated parts of the county is now more than $22.2 million, The …

Aon: Matthew Caused $15B Impact on U.S., Caribbean Economies

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 …

Hurricane Matthew Claims Offer Opportunity for Travelers to Ramp Up Drone Use

Earlier this month, The Travelers Companies, Inc., announced that it would be using drones to assist in assessing damage resulting from Hurricane Matthew. The insurer deployed a team of newly trained drone operators to inspect residential and commercial property damage …