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Florida to Borrow Billions to Backstop Insurers After Hurricanes
Jan 23 2024 // The state corporation that oversees the Florida Cat Fund is planning to borrow as much as $3.8 billion to ensure the fund has plenty of money on hand to reimburse property insurers for losses when homes are damaged or...
UK Braces for More Hurricane-Strength Winds From Next Atlantic Storm
Jan 23 2024 // Just over a day after Storm Isha started to clear, the UK is bracing for more hurricane-strength winds off the Atlantic. Jocelyn — the 10th named storm of the season to hit the UK — will rip across the north of the...
Hurricane-Force Winds Cause Chaos, Blackouts Across Europe
Jan 22 2024 // Storm Isha is causing travel disruption and power blackouts across northern Europe, as it brought hurricane-force winds to the UK and other parts of the region. The Met Office issued a yellow weather warning across the UK...
USGS: Nearly 75% of US Could Experience A Damaging Earthquake
Jan 22 2024 // Nearly 75% of the U.S. could experience damaging earthquake shaking, a recent U.S. Geological Survey report shows. A USGS-led team of more than 50 scientists and engineers in the latest USGS National Seismic Hazard Model...
Hedge Funds Rake in Huge Profits Betting on Catastrophe Risk
Jan 22 2024 // For hedge funds, the science of catastrophes helped generate the best returns of any alternative investment strategy last year. The calculus around natural disasters such as hurricanes and cyclones fed record gains at...
Lawsuit Says Compensation Delayed for Victims of Worst Wildfire in New Mexico History
Jan 22 2024 // A new lawsuit has been filed against the Federal Emergency Management Agency, alleging compensation has been delayed for victims of the largest wildfire in New Mexico’s recorded history. FEMA is responsible for...
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