A little over a year ago, Peter Gardner, a Louisiana developer, completed rehabbing an apartment building with 144 units and got a surprise so ugly it made him decide to move his business out of town. When the project began, …
KIHEI, Hawaii (AP) — Hurricane-fueled flash floods and mudslides. Lava that creeps into neighborhoods. Fierce drought that materializes in a flash and lingers. Earthquakes. And now, deadly fires that burn block after historic block. Hawaii is increasingly under siege from …
HONOLULU (AP) — Jan Pappas and Ronald Yasuda hired a contractor to fasten the roof of their 1960s-era home to their walls with metal plates and nails so high winds of a potential hurricane wouldn`t blow it away. Their motivation? …
Travelers, considered a bellwether for the insurance industry due to its size, said catastrophe losses doubled in its most recent quarter and the company swung to a loss as severe wind and hailstorms in a number of regions led to …
One of the world’s top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes, according to three people familiar with the matter. French insurer AXA SA has been discussing …
PHOENIX (AP) – Heat waves like the one that engulfed parts of parts of the South and Midwest and killed more than a dozen people are becoming more common, and experts say the extreme weather events, which claim more lives …
Is it possible to predict exactly where the wind will blow? How about where it will blow 30 years from now? The First Street Foundation, a nonprofit that works to define and communicate risks posed by climate change, says it …
What used to be a rare one-two punch of consecutive hurricanes hitting about the same place in the United States weeks apart seems to be happening more often, and a new study says climate change will make back-to-back storms more …
BATON ROUGE, La. (AP) — As Louisiana lawmakers continue to discuss a proposed bill that would allocate $45 million to an incentive program designed to entice more insurers to the state and hopefully drive down premium costs, state Insurance Commissioner …
BATON ROUGE, La. (AP) — As insurers in Louisiana flee the state and residents face exorbitant, and in some cases unaffordable, property insurance costs lawmakers returned to the Capitol Monday for a special legislative session to address the ongoing crisis. …