Floods News

Tighter Construction Rules Would Help Minimize U.K.’s Flood Damage: Report

Tighter construction restrictions and incentives to build outside flood-prone areas would minimize damage to the U.K. economy from heavy rain and rising water levels, according to the Centre for Economic Performance. Thousands of families across northern England and Scotland have …

Flood Claims to Hit U.K. Insurers’ 2015 Earnings: A.M. Best

Flooding in the final month of 2015 will put pressure on the earnings of U.K. property insurers, according to a briefing published by A.M. Best. Initial estimates of combined insured losses from Storm Desmond, which hit the United Kingdom on …

El Niño Helped Reduce Natural Catastrophe Losses in 2015: Munich Re

Insurers paid out around $27 billion for natural disaster claims last year with weather causing 94 percent of incidents, underscoring the challenge posed by climate change, data from reinsurer Munich Re showed on Monday. While the climate phenomenon known as “El …

Storm Frank Batters North Britain; Total Storm Losses Could Top $4.5 Billion

Torrential rain and gale force winds battered northern Britain on Wednesday, cutting power to thousands of homes and forcing some to evacuate flooded streets in the third major storm in a month. The Environment Agency said Britain had faced an …

Update: U.K. Insurers Face Flood Claims up to $2.2B – with More Storms Ahead

Insurers are facing some of the costliest British floods on record as large parts of northern England, already inundated, brace for more heavy rain. Accountants estimate that insurers are currently facing a bill of up to 1.5 billion pounds ($2.22 …

Weather-Related Disasters Occurred Almost Daily in Past Decade: U.N. Report

Weather related disasters such as floods and heatwaves have occurred almost daily in the past decade, almost twice as often as two decades ago, with Asia being the hardest hit region, a U.N. report said on Monday. While the report …

El Niño Expected to Become One of Strongest on Record: UN’s Weather Agency

The El Niño weather pattern, a phenomenon associated with extreme droughts, storms and floods, is expected to strengthen before the end of the year and become one of the strongest on record, the U.N. weather agency said on Monday. The World Meteorological …

Global Cat Losses in October Likely to Top $10 Billion: Impact Forecasting Report

Global catastrophe losses in October are expected to top $10 billion, according to a report from Impact Forecasting, Aon Benfield’s catastrophe model development unit. A record 22 global tropical cyclones have now developed in the Northern Hemisphere during 2015, said the …

Celebrities’ Mexican Holiday Homes Pummeled by Hurricane Patricia

Mexico may have dodged a bullet from the fury of Hurricane Patricia, but jet setters like Bill Gates, Gwyneth Paltrow and Cindy Crawford will have to find a new playground for now after the storm ravaged some of the world’s …

NHC Tracking Hurricane Patricia, as It Nears Mexican Coast

The National Hurricane Center in Miami is tracking Hurricane Patricia, a storm in the eastern Pacific that is moving towards the west coast of Mexico. According to the NHC’s latest bulletin, Patricia is about 255 miles – 410 kms south …