American International Group Inc. and other insurers avoided steep losses from a spate of extreme weather this year thanks in part to the reinsurance industry. But increased reliance on those policies probably means price hikes are coming. “This year we’re …
State officials on July 13 added 59 deaths to the toll wrought by the Feb. 14 cold wave and the ensuing collapse of the Texas electric power grid. The deaths newly tallied by the Texas Department of State Health Services …
Texas’s deep freeze and power outages last week could cost as much as $90 billion in losses, and most of it could have been avoided, according to Enki Research disaster modeler Chuck Watson. Arctic cold brought ice and sub-zero temperatures …
