Ten of this year’s most destructive weather events cost a combined $170 billion in damages, according to a new study. Hurricane Ida, a tropical storm that pummeled much of the eastern U.S. with lashing rain in August, killed at least …
Extreme weather events in 2021, including a deep winter freeze, floods, severe thunderstorms, heatwaves and a major hurricane, resulted in estimated annual insured losses from natural catastrophes of US$105 billion, the fourth highest since 1970, according to Swiss Re Institute’s …
Louisiana residents impacted by Hurricane Ida’s destruction in August have a week remaining to seek individual assistance from the Federal Emergency Management Agency. The deadline for individuals and families to apply for federal aid for rental assistance, temporary housing, home …
Louisiana residents seeking disaster aid from Hurricane Ida now have until Nov. 29 to apply for assistance. The Federal Emergency Management announced that the deadline to register for individual assistance has been extended an extra two weeks from the previous …
Reinsurers’ plans to continue raising premium rates during the January 2022 renewals are likely to contribute to stronger profitability and an improving sector outlook, according to Fitch Ratings. Fitch said it expects double-digit percentage premium rate rises for property catastrophe …
A New Jersey apartment complex from which 45 families were abruptly evacuated due to a rockslide stemming from the remnants of Hurricane Ida will be demolished, according to the lawyer representing the property owner. Attorney Steven Eisenstein handed evacuees checks …
On Louisiana’s south coast, in a key port servicing the U.S. offshore oil industry, a huge shipyard sits idle and in tatters. Where parts of the nine-bay terminal’s roof once hung, only a tangle of twisted metal beams is now …
RenaissanceRe Holdings Ltd. estimated losses from certain catastrophe events will have a net negative impact of approximately $725 million on the company’s third quarter 2021 results. This estimate is primarily composed of net negative impacts of approximately $440 million from …
U.S. senators on Oct. 6 promoted a federal hurricane system’s performance in New Orleans during Hurricane Ida, but noted that other regions experienced devastation that is likely to worsen as climate change produces more intense and frequent storms. The U.S. …
Through the end of September, there have been 18 weather and climate disaster events with losses exceeding $1 billion each across the U.S. during 2021. These events include one drought/heat wave event, two flooding events, nine severe storm events, four …
