Spain’s Devastating Floods Will Cost Insurers Over $3.8 Billion November 8, 2024 By Macarena Munoz The floods that devastated the Spanish region of Valencia at the end of last month are expected to trigger total...
Spain’s Hurricane Katrina Moment Saw Officials Ignoring Warnings November 8, 2024 By Rodrigo Orihuela, Clara Hernanz Lizarraga and Thomas Gualtieri As a deadly storm bore down on Valencia on Oct. 29, the regional president was attending a ceremony to recognize...
Renewable Energy Offers a Cost and Opportunity to Insurance Sector November 7, 2024 By Carolyn Cohn Policyholders in the renewable energy insurance market are paying between 20%-40% more for cover today than a year ago as...
2024 Will Be World’s Hottest Year on Record, EU Scientists Say November 7, 2024 By Kate Abnett and Alison Withers This year is “virtually certain” to eclipse 2023 as the world’s warmest since records began, the European Union’s Copernicus Climate...
Spain Risks €10.6 Billion Flood Damage Bill, PM Sanchez Says November 6, 2024 By Rodrigo Orihuela, Macarena Munoz and Jorge Zuloaga Spanish Prime Minister Pedro Sanchez announced the first financial package for victims of the storms that killed more than 200...
Finland Records First Hurricane-Force Winds Off West Coast November 5, 2024 By Leo Laikola Finland’s coastal waters were hit by hurricane-force winds for the first time, as more extreme weather batters Europe. Storm Lyly...
Valencia Asks for €31 Billion Rescue Package After Deadly Floods in Spain November 5, 2024 By Macarena Munoz The region of Valencia is asking Spain’s central government for rescue funds to help with rebuilding after floods last week...
Philippines Races to Limit Storm Damage as Trami Keeps Strength October 25, 2024 By Cliff Venzon and Manolo Serapio Jr. The Philippines is ramping up efforts to contain the devastation caused by severe tropical storm Trami, which has killed 25...
Thousands Hit by Floods as Trami Tracks Toward Philippines October 23, 2024 By Cliff Venzon, Ditas Lopez and Mary Hui Tropical Storm Trami has dumped heavy rain across the main island of the Philippines, triggering extensive flooding that’s affected around...
Natural Disasters Cost China $13 Billion in January-June October 22, 2024 By Liz Lee Natural disasters such as flooding, drought and extreme temperatures cost China 93.16 billion yuan ($12.83 billion) in the first half...