natural disasters News

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 …

Lloyd’s of London Seeks Estimates For Coronavirus-Related Losses

Lloyd’s of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus, a spokesman said on Tuesday, to help the insurance market understand its possible overall losses from the impact of the …

Satellites Are Helping the Municipal-Bond Market Assess Climate Risk

The $3.8 trillion municipal-bond market has found a new tool in its effort to understand the impact of climate change: the array of satellites orbiting high above Earth. Assessing climate risks is a particularly vexing problem given that U.S. state …

Interior Department Grounds Chinese-Made Drones, Citing Security Fears

The Interior Department is banning non-emergency flights of its fleet of 810 drones as it reviews national security concerns about the Chinese-made devices. The restrictions were outlined in an order signed Wednesday by Interior Secretary David Bernhardt that doesn’t name …

South Dakota Townships Face Financial Woes After 2019 Floods

SIOUX FALLS, S.D. — Townships in South Dakota are facing economic difficulties as 2019 flood repair costs mount. Townships primarily depend on their taxpayers for funds to repair more than 31,000 miles (50,000 kilometers) of roads while they wait for …

Vegas Newspaper Finds Trouble Tracking Casino Response Plans

LAS VEGAS — Nevada security officials had trouble tracking resort emergency response plans, months after the Legislature tightened requirements for 91 casinos statewide to update and maintain playbooks for incidents including active shooters and natural disasters, a newspaper reported. The …

Powerful Typhoons Scar Japanese Non-Life Insurers’ Earnings

A string of powerful typhoons that struck Japan has left scars on the country’s non-life insurers, with industry giants likely forced to pay a combined $8 billion in insurance payments in the current fiscal year that ends in March. Japan’s …