natural disaster News

Never Mind COVID, 2020 Was a Catastrophe for US Insurers

In case you forgot, the year that just passed brought an unprecedented number of catastrophes — not to mention COVID-19. Three insurance industry reports issued this week chronicle just how bad 2020 was for property insurers. CoreLogic released a chronology …

Fiji Imposes Curfew as it Prepares for Major Cyclone to Hit

SUVA, Fiji (AP) — Fiji imposed a nationwide curfew Thursday after urging people near the coast to move to higher ground as the island nation prepared for a major cyclone to hit. Cyclone Yasa was expected to hit the two …

Hurricane Eta Lumbers Toward Nicaragua, Bringing Deadly Rain

Hurricane Eta is battering Nicaragua with violent wind and devastating rain as it lumbers toward shore, threatening to trigger deadly floods and landslides. The storm, one of the Atlantic’s most powerful of the year, is packing winds of 145 miles …

Pacific Hurricane Forecast Complicated by Coronavirus

HONOLULU — The Central Pacific basin including Hawaii should expect to see between two and six tropical storms or hurricanes this year, federal forecasters said Wednesday. The annual National Weather Service prediction came as wary Hawaii residents begin to emerge …

How to Plan for a Disaster During a Disaster

On March 5, Tennessee governor Bill Lee announced the state’s first confirmed case of Covid-19. Three weeks later on Easter Sunday, tornadoes touched down outside of Chattanooga, killing four people and flattening 2,000 structures. Since the start of the pandemic, …

Get Ready for More, Longer Blackouts

By mid-Monday morning, storms sweeping north from the Gulf Coast had left more than 1.3 million out of power in the U.S. Under normal circumstances, this would have called for the mass mobilization of crews to get the lights back …

Tornado-Hit Tenn. Historic Buildings Face Difficult Choice

NASHVILLE, Tenn. — Property owners affected by the tornadoes earlier this month now face two options: rebuild or bulldoze. The storms damaged or destroyed hundreds of homes and businesses throughout Middle Tennessee. And historic buildings will require extra care. Just …

Viewpoint: The Coronavirus May Be Worse Than a Natural Disaster

Everyone is wondering when China will return to work. While it may be tempting to consider past epidemics or labor strikes to gauge how quickly that could happen, the industrial shutdown from the coronavirus is looking more like a natural …

Trial to Begin Over Arkema Chemical Plant Fire During Harvey

HOUSTON — Hurricane Harvey’s historic flooding in 2017 overwhelmed power systems at Arkema Inc.’s chemical plant in suburban Houston, eventually causing organic peroxides made at the facility to catch fire and explode, sending noxious black smoke into the air. The …

Typhoon-Lashed Philippines Taps Catastrophe Bonds

The Philippines, among the world’s most disaster-prone nations, sold its maiden foreign-currency catastrophe-linked bonds to help cover costs of major calamities, in conjunction with the World Bank. The dual-tranche transaction consists of a $150 million issuance against losses from, , …