2018 catastrophes News

Insured Losses from Europe’s Storm Friederike Rise to €1.63B (US$2.0B): PERILS

PERILS AG has issued its second loss estimate of €1.63 billion for Europe’s windstorm Friederike, also known as David. Friederike caused property damage in the British Isles, Belgium, the Netherlands and Germany on Jan. 17-18, 2018, said PERILS, the independent …

U.S. March Storms Cost Economy $3B; Argentina, Uruguay Drought $4B: Aon Report

A series of winter storms and severe weather in the United States during March brought economic damages of US$3 billion, with public and private insurers covering roughly two-thirds of the cost, according to a report published by Impact Forecasting, Aon …

Insured Losses for Europe’s Storm Burglind/Eleanor Rise to €680M ($837.8M): PERILS

The estimate of insured losses from Europe’s windstorm Burglind, also known as Eleanor, have risen to €680 million (US$837.8 million), according to PERILS, the Zurich-based organization that provides industry-wide catastrophe insurance data. This second loss estimate for Burglind has risen …

Cash-Strapped Papua New Guinea Gov’t Struggles to Help Desperate Quake Survivors

Almost a month after a deadly earthquake, Papua New Guinea is struggling to get aid to desperate survivors, having allocated just a fraction of its relief funds, while a rent dispute left disaster officials briefly locked out of their offices. …

Wildfires in Southeast Australia Destroy More Than 70 Homes, Kill Livestock

More than 70 homes were destroyed as bushfires swept through the seaside town of Tathra in southeastern Australia at the weekend. Soaring temperatures and wind gusts fanned the fires about 500 kilometers (310 miles) south of Sydney, causing the blaze …

Papua New Guinea Faces Long Road to Recovery After Quake; Death Toll Passes 100

Papua New Guinea faces a long road to recovery after the powerful earthquake that hit the nation’s rugged highlands more than 10 days ago, with the death toll now believed to have climbed to more than 100, its leader said. …

ExxonMobil Says Papua New Guinea LNG Plant to Be Closed for 2 Months After Quake

ExxonMobil Corp. said on Monday it would take about eight weeks to restore production at the Papua New Guinea liquefied natural gas project (LNG), following a powerful earthquake that hit the country’s energy-rich interior a week ago. The 7.5 magnitude …

Exxon Mobil’s Airstrip in Papua New Guinea Heavily Damaged After Earthquake

Exxon Mobil Corp. built a runway to land some of the world’s biggest planes as part of its endeavor to tap gas riches in one of the most remote spots on Earth. But an earthquake Monday in Papua New Guinea …

Weather, Road Damage Slows Relief Efforts After Papua New Guinea Quake

The death toll from the strongest earthquake to strike Papua New Guinea’s rugged interior in almost a century has climbed to 31 and would probably rise further, officials said on Thursday, as damage to roads, runways and phone lines slowed …

Exxon’s LNG Plant in Papua New Guinea Could Be Shut for 6 Weeks After Quake

Exxon Mobil Corp.’s $19 billion liquefied natural gas export project in Papua New Guinea may remain shut for six weeks after an earthquake rocked the country’s remote highlands, which are home to the venture’s upstream gas supplies, according to UBS …