Houston officials say they’re already thinking about how to build and fund projects that will lessen the blow of the next storm, even as the nation’s fourth-largest city continues to recover from Harvey’s devastating floodwaters. Leaders with the U.S. Conference …
Losses from Hurricane Maria and other recent 2017 natural catastrophes, including Hurricanes Irma and Harvey, the Mexico City earthquakes and other events, have led global insurers and reinsurers to issue profit warnings. Below are statements from insurers and reinsurers in …
RMS, the Newark, Calif.-based risk modeling and analytics firm, estimated that the insured loss from Hurricane Maria will be between US$15 billion and US$30 billion. This estimate represents the insured losses associated with wind, storm surge and inland flood damage …
Lloyd’s of London insurer Beazley said on Friday it reckoned that its losses from hurricanes Harvey, Irma and Maria in the Caribbean and southern United States and a series of earthquakes in Mexico would reduce its 2017 earnings by about …
A clash over Houston’s mounting expenses from Hurricane Harvey escalated on Sept. 25 when Gov. Greg Abbott accused the mayor of holding the state “hostage” by pushing a local tax increase unless an emergency Texas piggybank of nearly $10 billion …
More than 20 years before Hurricane Harvey, officials in suburban Houston were aware that a heavy storm could cause a reservoir to overflow and inundate nearby homes with water. So they issued a warning to potential home buyers. But they …
Ratings downgrades for global insurers and reinsurers are becoming more probable as they face more than $100 billion in 2017 catastrophe losses, a figure that threatens to weaken their capital reserves, Fitch Ratings Inc. said in a report on Tuesday. …
The Environmental Protection Agency said on Sept. 24 it has recovered 517 containers filled with unidentified, potentially hazardous material found floating in or washed up along Texas waterways after the devastating floods from Hurricane Harvey receded. The agency’s statement sought …
The Environmental Protection Agency says it has recovered 517 containers of “unidentified, potentially hazardous material” from highly contaminated toxic waste sites in Texas that flooded last month during Hurricane Harvey. The agency has not provided details about which Superfund sites …
Lawyers expect a spate of force majeure contract lawsuits after Hurricane Harvey tore through Southeast Texas and parts of Louisiana last month, paralyzing a fifth of U.S. fuel output and pushing some oil production offline. Hurricanes and other natural disasters …
