More Than 250,000 U.S. Properties Reported to Have Repeated NFIP Claims September 19, 2024 By Ezra Amacher More than a quarter million U.S. properties have repeated claims for federal flood insurance, costing the National Flood Insurance Program...
AccuWeather Estimates $7B in Damage and Economic Loss from North Carolina Storm September 18, 2024 AccuWeather on Wednesday issued a preliminary estimate of the total damage and economic loss from an unnamed storm that struck...
Moody’s: Private Market Insured Losses From Francine Won’t Exceed $2B September 18, 2024 U.S. private market insured losses from Hurricane Francine are estimated to not exceed $2 billion, Moody’s RMS Event Response team...
European Cities Brace for Peak of Floods as Cleanup Starts September 18, 2024 By Marton Eder, Piotr Bujnicki, Kevin Whitelaw and Irina Vilcu Cities from Budapest to Wroclaw in Poland are racing to build up their defenses as floodwaters peak over the coming...
U.S. Property Insurance Rates Fall for First Time Since 2017 September 18, 2024 By Alexandre Rajbhandari U.S. property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid...
Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk September 17, 2024 By Alex Longley Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers...
Hawaii Probe Finds No Single Factor Led to Maui Wildfire Losses September 16, 2024 By Mark Chediak No single factor led a fire in the seaside Hawaiian town of Lahaina last year to rage out of control...
A Continent Ablaze: South America Surpasses Record for Fires September 13, 2024 By ake Spring and Stefanie Eschenbacher South America is being ravaged by fire from Brazil’s Amazon rainforest through the world’s largest wetlands to dry forests in...
Microsoft, Cyber Firms Pursue Changes After CrowdStrike Outage September 13, 2024 By Jake Bleiberg Microsoft Corp. said it’s building an alternative for cybersecurity companies that now utilize the deepest layer of its operating system...
How Big Was the Cat? Investigator Warns About Claims of Clogged Toilets September 13, 2024 By William Rabb Did you hear the one about cat poop clogging a toilet, resulting in thousands of gallons of sewage water in...