The organization that names tropical storms and hurricanes says it will retire the names Erika, Joaquin and Patricia following the 2015 season. The World Meteorological Organization announced this week that Elsa and Julian will be used for future storms in …
One of the strongest El Niño periods on record and a positive phase of the North Atlantic Oscillation were the climate drivers in 2015 that led to an exceptional season of Pacific tropical storms and severe windstorms and flooding in …
The Atlantic, eastern and central Pacific hurricane seasons officially ended yesterday, and as NOAA predicted, the Atlantic season stayed below normal with 11 named storms, while the eastern and central Pacific were above normal with both regions shattering all-time records. …
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 …
Bonds sold by Mexico to shield it from the cost of repairing hurricane damage are closer to paying out after the biggest storm ever measured in the Americas struck the country last month, Standard & Poor’s said. S&P cut its …
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 …
Mexico’s natural disaster fund may be $100 million better off at bondholders’ expense after Hurricane Patricia appeared to trigger a catastrophe bond the country sold in 2012. Investors in those notes maturing Dec. 4. are waiting for a verdict on …
Drenching storms that the remnants of Hurricane Patricia dragged into Texas finally cleared on Oct. 25 without leaving behind the death or devastation of torrential rain and floods that hit the state earlier in the year. Some parts of Texas …
Catastrophe modeling firm AIR Worldwide estimates that insured losses to onshore properties in Mexico from Hurricane Patricia won’t exceed $200 million. This is a surprisingly low estimate, as AIR said: “Six hours before Hurricane Patricia made landfall in the Mexican …
Hurricane Patricia, the strongest in the history of the Americas, prepared to barrel into Mexico’s Pacific coast Friday, sending guests fleeing hotels in the Puerto Vallarta resort area. About 400,000 people are considered “vulnerable,” civil protection official Jose Maria Tapia …
