Yearly Archives: <span>2017</span>

Harvey’s Flooding of Houston ‘Beyond Anything Experienced Before’

Catastrophic flooding triggered by Tropical Storm Harvey inundated Houston on Sunday, forcing residents of the fourth most populous U.S. city to flee their homes in boats or hunker down in anticipation of several more days of “unprecedented” rainfall. Harvey came …

Hurricane Harvey’s Flood Insurance Losses Could Match Katrina’s

Flood damage in Texas from Hurricane Harvey may equal that from 2005’s Hurricane Katrina, the costliest natural disaster in U.S. history, said an insurance research group on Sunday. As heavy rain pounded Houston and Texas’s coastal counties, the Insurance Information …

Hurricane Harvey Could Spur Congress to Act on Flood Insurance

The destruction that heavy rain and floods from Hurricane Harvey could inflict on Texas would add to the pile of debt owed by a federal flood insurance program that is due to expire in September, advocacy groups said. The National …

Arkansas Task Force: State Should Bar Dicamba Herbicide Next Year

An Arkansas task force has advised the state to bar sprayings after April 15 next year of agricultural herbicides containing the chemical dicamba, which has been linked to crop damage across the U.S. farm belt, a state spokeswoman said. The …

Cruise Ship Passengers Stranded in Gulf by Harvey

Cruise ships carrying thousands of passengers were stranded in the Gulf last Friday as Hurricane Harvey, a Category 4 storm, came ashore in the middle of the Texas coast, closing the Port of Galveston. Carnival Corp. said that three of …

Hurricane Harvey Shutters Key Oil, Gas Operations in Texas

Key oil and gas facilities along the Texas Gulf Coast have temporarily shut down as Hurricane Harvey pounds the region with torrential rain and high winds, virtually assuring gasoline prices will rise in the storm’s aftermath. Even before the Harvey …

St. Louis Workers Likely to See Wage Drop with New Law

Thousands of workers in St. Louis will likely see smaller paychecks starting Monday, when a new Missouri law takes effect barring local government from enacting minimum wages different than the state minimum. The law is drawing protests in St. Louis …

Harvey Smashes Homes, Businesses; Heavy Rain Continues

Hurricane Harvey rolled over the Texas Gulf Coast on Saturday, smashing homes and businesses and lashing the shore with wind and rain so intense that drivers were forced off the road because they could not see in front of them. …

Insurance Adjusters Mobilized to Deal with Harvey Cat Losses

Teams of insurance adjusters were mobilized Friday in Texas cities closest to Hurricane Harvey’s expected path of destruction. Hurricane Harvey made landfall late Friday evening as a category 4 hurricane. According to AIR Worldwide, “the eye of the storm crossed …

How Hurricane Harvey Is Affecting Catastrophe Bonds

Bonds tied to weather risks tumbled the most in seven months as Hurricane Harvey advanced on Texas’s Gulf Coast. The Swiss Re Cat Bond Price Return Index dropped 0.44 percent this week, the steepest decline since January. The benchmark, which …