hurricanes News

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 …

Researchers Find Houses in Hurricane Strike Zones Are Built Back Bigger

A study of hurricane-hit areas of the United States has revealed a trend of larger homes being built to replace smaller ones in the years following a storm. The research, led by the University of Southampton (UK) and published in …

Biggest Cat Losses of the Past Decade Hit U.S. Insurers

Wildfires, hurricanes, tornadoes, hail storms, Nor’easters and mudslides. A string of disasters has pummeled the biggest U.S. insurers over the past year, and the second quarter was no exception. Allstate Corp. estimated its pretax catastrophe losses at $906 million for …

New Analysis Compares 22 Named Storms With Their Future Selves

Scientists have published a detailed analysis of how 22 recent hurricanes would change if they instead formed near the end of this century. While each storm’s transformation would be unique, on balance, the hurricanes would become a little stronger, a …

Commentary: Disasters Cost More as We Insure Them Less

Last year was the second-costliest year for disasters since 1970, according to a new analysis from reinsurance firm Swiss Re AG. Global economic losses from these events reached $337 billion in 2017, behind only 2011’s total losses, and less than …