hurricanes News

Moody’s Links with Four Twenty Seven to Price Climate Risk: Leonid Bershidsky

The acquisition of California-based Four Twenty Seven, Inc., by Moody’s Corporation could signify the beginning of a major shift in how markets price risks related to climate change. Up until now, these risks largely have been absent from investors’ models, …

After a Disaster, Imagery Gives Insurance Companies a Clear Picture: Viewpoint

Some of the most famous planes in the weather world are hurricane hunters, piloted by steely nerved aviators who fly into storms to measure what is imperceptible to people on the ground. Since the first storm-chasing pilot plunged into a …

U.S. Hurricane Season Is Unnecessarily Dangerous

Forecasters are expecting this year’s North Atlantic hurricane season to be roughly average, with about 14 named storms including six full-fledged hurricanes. Last week, the government finally dealt with the fallout from 2018, enacting a $19.1 billion relief package to …

Senate Passes $19.1 Billion Relief Package for Natural Disasters

The Senate passed a $19.1 billion disaster-aid plan Thursday for areas hit by hurricanes, Midwest floods and California wildfires after lawmakers resolved months of disagreement over funds for Puerto Rico. President Donald Trump said he supports the bill. The 85-8 …

Stay or Go? As Weather Gets Wilder, States Urged to Prepare for Displacement

GENEVA — Warned that Typhoon Haiyan would slam into the coastal part of the Philippine town of Dulag in November 2013, Leah C. Caminong’s family rented a room 300 meters back from the shoreline where they planned to ride out …

D.C. Is First to Plan to Remove, Retrofit Flood-Prone Buildings

Washington is announcing a goal of retrofitting or removing all of its flood-prone buildings by 2050, the first major U.S. city to set such a policy. The proposal is part of a broader plan to protect Washington, which is home …

RIMS Speakers Offer Guidance on Preparing for Disaster

BOSTON — Preparing for the unthinkable requires a lot thought. Risk management professionals on Monday cautioned audiences of the myriad pitfalls in planning for catastrophes during the Risk & Insurance Management Society’s annual conference at the Boston Convention and Exhibition …

NOAA Data Shows Weather Disasters Relatively Mild So Far this Year

It’s only April, and already the United States has experienced two climate disasters that each caused $1 billion in damages and together killed five people, the National Oceanic and Atmospheric Administration reported this week. NOAA’s National Centers for Environmental Information …

Study Finds Owners of Unprotected Coastal Homes Don’t Intend to Retrofit

New research from the University of Notre Dame shows that many coastal homes have significant structural vulnerabilities that leave homeowners and their homes largely unprotected from storms. Additionally, the majority of coastal homeowners have little to no intention of reducing …

Quick-Cash, Risk-Swap Deals Multiply in Extreme Weather Era

Some of the world’s largest insurers are eagerly pitching cities, states and even school districts on policies designed to pay out quickly with few questions in the event of extreme weather. The catch: Even a hurricane might not be extreme …