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, , …
Puerto Rico’s economy has shown considerable signs of improvement after the hit form hurricanes Irma and Maria two years ago, while the U.S. Virgin Islands economy remains “mired in a deep slump.” That’s the finding in new report by the …
Florida and California, two states with wide exposure to natural disasters, lack critical evacuation routes in some areas for residents to flee. Among the 100 American communities with the most-constrained evacuation routes, 20 are in Florida and 14 in California, …
Last year’s weather hazards reflected a mostly average season, with the exception of wildfires in California and flooding as a result of Hurricanes Harvey and Irma, according to CoreLogic’s annual Natural Hazard Risk Summary and Analysis released last week. The …
Hurricanes Harvey and Irma caused massive devastation to Texas and Florida and now frustration for policyholders, their attorneys and public adjusters due to the named storm deductible on some policies. This week Cozen O’Connor hosted a webinar to provide a …
Wild weather has become more common with climate change, the experts say, and homeowners can prepare for natural disasters by making home inventories – detailed lists of household belongings and their approximate value. Making a home inventory can be easy; …
The Oxford Board of Aldermen has approved a new ordinance that allows owners of older homes to rebuild after a natural disaster, even if the house doesn’t meet current setback codes and other newer regulations. City Planner Andrea Correll tells …
The U.S. Department of Agriculture has designated 18 more Minnesota counties as primary natural disaster areas due to heavy rain, flooding and cold temperatures from May 1 through July 1. The designation makes farmers and ranchers in those counties eligible …
A bipartisan effort underway in Congress would change the way the country pays to fight catastrophic wildfires, tapping natural disaster funds instead of money intended for fire prevention, lawmakers from Oregon and Idaho said Monday. In the past, as fire …
Louisiana’s Department of Agriculture says federal authorities have declared 28 parishes in the state natural disaster areas because of drought. Commissioner Mike Strain said in a Wednesday news release that the designation makes farm operators in the areas eligible to …