natural disasters News

FEMA Bought 44,000 Flood-Prone Homes and May Have to Buy Millions More

As the climate crisis worsens, more Americans will be forced from their homes. Many won’t be able to afford it, and the U.S. isn’t prepared for a massive, government-subsidized migration away from flood-prone areas, according to the first comprehensive analysis …

Cyber Risks to Exceed Natural Disasters for Insurers: Scor CEO

Cyber risks will soon become bigger risks than natural catastrophes for the insurance sector, Scor Chairman and Chief Executive Officer Denis Kessler said, recommending the industry build a comprehensive, common global scale to assess cyber-related incidents. “I dream of a …

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 …

Incoming Governors More Likely to Face Natural Disasters

Governors have a wide range of priorities they want to tackle in the coming year, from tax reform to education. Yet it’s a topic that receives less attention on the campaign trail and in their speeches that could determine their …

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 …