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Hong Kong’s Typhoon-Related Insurance Claims Set to Top Record $500M in 2023
Oct 4 2023 // Hong Kong insurance claims caused by natural disasters may climb to a record and exceed $500 million this year should approaching Typhoon Koinu add to this storm season’s damages, according to Bloomberg...
Typhoon Koinu on Track to Hit Taiwan Before Heading to Hong Kong
Oct 3 2023 // Severe Typhoon Koinu will pass over the southern tip of Taiwan in coming days before heading toward Hong Kong in a weakened state, according to regional observatories. The storm will intensify into a super typhoon with...
Lingering Drought and Wildfires Plague Texas, Threatening Water Supplies and Agriculture
Oct 3 2023 // A lingering drought affecting more than 80% of Texas is causing wildfires, hurting agriculture and drying up water supplies throughout the state. This year’s drought comes less than a year after Texas experienced one...
Many US Cities Vulnerable to Low Water Pressure Amid Wildfire Dangers
Oct 2 2023 // Hours before devastating fires scorched the historic town of Lahaina on Maui, Kyle Ellison labored to save his rental house in Kula, a rural mountain town 24 miles away, from a different blaze. As high winds whipped...
Washington Asks Insurers to Expedite Approval Process for Debris Removal After Wildfires
Oct 2 2023 // Washington Insurance Commissioner Mike Kreidler sent a letter asking insurance companies and adjusters working with communities impacted by the Gray and Oregon Road fires to expedite the approval process for debris...
Insurance Industry Should Expect $130 Billion in Catastrophe Losses Every Year: Verisk
Oct 2 2023 // Total global insured losses from natural catastrophes of more than $100 billion a year may be less newsworthy than in the past. In fact, the industry should expect loss totals of much more than that every year, according...
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