weather related disasters News

Investors Ignored PG&E Warning About Disasters

PG&E Corp. told investors repeatedly that weather-related disasters were a risk, but many didn’t pay enough attention until the company was on the brink of bankruptcy. The company included warnings in its regulatory filings and offering prospectuses citing how disasters …

Catastrophe Insurance Claims Down Almost 50% in 2012: Swiss Re

The insurance industry looks set to absorb about $65 billion in catastrophe claims this year, down from a near-record $120 billion in 2011, reinsurer Swiss Re said. Weather-related disasters in the United States accounted for the bulk of the total, …