Airlines, airports and insurers across Asia are bracing for the prospect of unusually high damage as the region’s tropical storm season begins, as hundreds of aircraft grounded by the coronavirus pandemic can’t be moved easily. Major airports in storm-vulnerable regions …
Over the last decade, scientists learned a great deal about the climate, much of it concerning the connection between global warming and extreme events — heat waves, hurricanes, floods, droughts and wildfires. There has been, for many years, an understanding …
Torrential rain that caused flooding and mudslides in towns east of Tokyo left at least 10 people dead and added fresh damage in areas still recovering from recent typhoons, officials said Saturday. Rescue workers found the body of a person …
Insured losses from Typhoon Hagibis, which made landfall in Japan on Oct. 12, will be between 865 billion Japanese yen (US$8 billion) and JPY 1,730 billion (US$16 billion), with more than half of the losses due to inland flooding, according …
By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay Valley had burnt both his tractor and the shipping container where he kept some tools. His insurer is set to …
The property insurance market loss from the Australia’s Townsville floods, which affected northern Queensland, Australia, between Jan. 26 and Feb. 10, 2019, has risen to A$1.22 billion (US$827.1 million), according to PERILS, the independent Zurich-based organization that provides catastrophe insurance …
Damage from flooding in March 2019 is estimated at US$8 billion from events across the globe, according to Aon’s “Global Catastrophe Recap – March 2019.” “The major catastrophe events of March highlighted the continued vulnerabilities which exist in both developed …
The number of people killed after torrential downpours triggered flash floods and mudslides that tore through mountainside villages in Indonesia’s easternmost province has climbed to 79, with dozens of others missing, officials said Monday. On Sunday, the disaster-prone country was …
Initial insured property losses for floods that recently affected northern Queensland, Australia, and in particular the city of Townsville, are estimated at A$957 million, according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The Townsville floods …
Australia’s Northern Queensland experienced widespread flooding from Jan. 26 to Feb. 7, which cost insurers more than A$893 million (US$635 million) with total economic losses of at least A$1.7 billion (US$1.2 billion). according to Impact Forecasting, Aon’s catastrophe model development …
