Update: Flood Death Toll Rises as Europe Counts Cost of Storm Boris September 16, 2024 By Eamon Akil Farhat, Marton Eder, Piotr Skolimowski and Krystof Chamonikolas Floods ripped through central Europe killing at least 17 people, as governments across the region took emergency measures and prepared...
Canada’s Wildfire Season Ranks Among Worst but Less Severe Than Feared September 12, 2024 By Nia Williams With summer drawing to a close in Canada, the 2024 wildfire season is shaping up as one of the most...
Built-Up Cities Get More Rain Than Rural Outskirts, Study Finds September 11, 2024 By Matthew Griffin Cities often get more rain and experience extreme rainfall more often compared to surrounding areas, a new study finds, a...
Claims From 4 Summer Weather Events in Canada Exceed Prior Year Total: IBC September 6, 2024 Four natural catastrophes over four weeks during Canada’s summer season have resulted in about five times the amount of claims...
Risks Too Big for Insurers Just Fed a $200 Billion Market Boom in Captives September 4, 2024 By Natasha White As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a...
Canada’s 10 Worst Natural Disasters Totaled C$30 Billion in Annual Insured Losses September 3, 2024 Insured losses have surged in the past decade as climate change in Canada sparks wildfires, intense hailstorms and thunderstorms with...
Canada’s Insurance Sector Faces Deluge of Climate-Related Catastrophe Claims September 3, 2024 By Nivedita Balu Hotter summers in Canada that have sparked wildfires in tourist areas, intense hailstorms and thunderstorms with severe flooding in major...
Hedge Fund Fermat Says Returns Took a Hit Amid Catastrophe Bond Selloff August 29, 2024 By Gautam Naik Fermat Capital Management, one of the world’s biggest investors in catastrophe bonds, says anxiety about this year’s hurricane season has...
Storm Warnings Issued Across Southern Europe – From Italy to Serbia August 27, 2024 By Paul Tugwell and Eva Brendel Thunderstorm alerts are in place for a swath of Europe from the south of France to the Balkans. There are...
Blackouts in Extreme Weather Create Demand for Cleaner Backup Power August 23, 2024 By Alexa St. John Software engineer Kenna Ofoegbu in Houston, Texas tries hard to keep his three kids cool during the summer and that...