natural disasters News

Viewpoint: Environmental Debt Risk Is Bigger Than Japan’s GDP

The financial risk posed to companies by natural disasters keep growing and growing, and the size of potential losses is just eye-popping. Moody’s Investors Service says 18 sectors have a combined $7.2 trillion of debt with “high inherent exposure to …

Watch Out Los Angeles: Feds Calculate Riskiest, Safest Places In U.S.

Spending her life in Los Angeles, Morgan Andersen knows natural disasters all too well. In college, an earthquake shook her home hard. Her grandfather was affected by recent wildfires in neighboring Orange County. “It’s just that constant reminder, `Oh yeah, …

Natural Disasters Cost Insurance Industry $76B in 2020 – Swiss Re

ZURICH, Dec 15 — Natural disasters like wildfires which devastated parts of the United States and a record number of hurricanes in the Atlantic caused $76 billion in insured losses during 2020, Swiss Re said on Tuesday. The 40% increase …

Zeta Leaves Trail of Wreckage, Blackouts Across U.S. South

Tropical Storm Zeta is spinning across the U.S. South after walloping New Orleans, blacking out 1.9 million homes and businesses and leaving a trail of wreckage from Louisiana to North Carolina. Zeta made landfall near Cocodrie, Louisiana, with winds of …

Nuclear Plants in South Carolina, Missouri Face the Highest Quake Risks

WASHINGTON — The U.S. nuclear power reactors facing the highest risks of a meltdown from earthquakes are not in tremor-prone California, but states including South Carolina and Missouri, an analysis of government data published on Thursday said. The chances of …

General Contractor Overhead And Profit And AOB Insurance Scams

A storm is rising, and it is not the type which causes damage to homes and vehicles. It causes damage of a much more insidious nature. Following a storm or other natural disaster, canvassers hired by the “hail cartel”—lawyers or …

Hurricane Sally Reaches Gulf Coast With Flash-Flood Threat

Hurricane Sally made landfall in U.S. Gulf Coast, where it could inflict as much as $5 billion in damage and losses across Mississippi, Alabama, and the Florida Panhandle from “catastrophic” flooding in the region. Sally came on land near Gulf …

Hurricane Sally Weakens as it Nears Mississippi River

Hurricane Sally has weakened as it approaches the U.S. Gulf Coast, with hurricane warnings being replaced by tropical storm alerts and a number of further storm warnings being discontinued. The storm’s maximum sustained winds slowed to 85 miles (140 kilometers) …

Tropical Storm Sally Menaces New Orleans, U.S. Gulf Coast

Tropical Storm Sally’s flooding rains are set to reach the U.S. Gulf coast late Monday as the storm grows into a hurricane, making landfall somewhere between New Orleans and Alabama and potentially causing as much as $4 billion in losses …

Disasters Cause Insurance Double Whammy for Pandemic-Hit Businesses

As insurers brace for an expensive natural-disaster season because of storms and wildfires ravaging parts of the United States, the novel coronavirus is giving them an odd financial break. Many companies that were damaged or evacuated because of natural catastrophes …