natural disasters News

How Real-Time Information Can Assist Insurers During Natural Disasters

At every phase of disaster preparation and recovery, time is of the essence. Today, social media platforms allow authorities to share critical updates with the public instantaneously and coordinate relief efforts. It also allows those in need to request assistance …

Opinion: Cat Bonds Soar Despite Record Disasters

Leave it to catastrophe bonds to be among the most well-functioning debt markets out there. Issuance of “cat bonds” has climbed to more than $11 billion this year, about the same as this time in 2017, when sales hit a …

Federal Watchdog Agency to Investigate Flood Risks at Superfund Sites

A federal government watchdog agency will investigate the threats from flooding and other natural disasters to the nation’s most polluted places. The Government Accountability Office told members of Congress it was assigning investigators to study the risks to human health …

North America Pounded by Disasters in 2017

North America couldn’t catch a break in 2017. Parts of the United States were on fire, underwater or lashed by hurricane winds. Mexico shook with back-to-back earthquakes. The Caribbean got hit with a string of hurricanes. The rest of the …

FEMA Official Says Weather-Related Disasters Cost U.S. $200M a Day

The U.S. is spending more than $200 million a day responding to recent hurricanes and wildfires, the head of the Federal Emergency Management Agency told Congress Tuesday in testimony that also slammed the $300 million Whitefish contract in Puerto Rico. …

Common Reasons for FEMA Denial of Funds After Disasters

Local governments and nonprofits trying to recover from major disasters have sometimes learned the hard way that money spent on protective measures, cleanup and rebuilding is not always reimbursed by the U.S. government. The Associated Press analyzed more than 900 …

Robot Surveillance Could Improve Safety

Cornell University researchers are developing a system to enable teams of robots to share information as they move around, and if necessary, interpret what they see. This would allow the robots to conduct surveillance as a single entity with many …

Natural Disasters Highlighted in Indiana State Museum Exhibit

Natural disasters can strike at any time, often without warning, and devastate cities, regions, states and countries. Nature Unleashed, a new exhibit at the Indiana State Museum, aims to help Hoosiers understand why tornadoes, earthquakes, hurricanes, tsunamis and volcanic eruptions …

World Bank Reports That Natural Disasters Cost $520B a Year

Global natural disasters cost $520 billion of consumption loss annually, 60 percent larger than asset losses that are commonly reported, the World Bank said in a report. The estimate is based on the impact of disasters such as floods, windstorms, …

Closed Businesses, Damaged Homes: Matthew May Cost $10B

For a storm that inflicted less damage than many had feared, Hurricane Matthew nevertheless impaired or destroyed more than 1 million structures, forced businesses from Florida to North Carolina to close and put thousands temporarily out of work. In many …