Hurricane Otis’ Insured Losses Estimated at $2.5B-$6B: Moody’s RMS, Verisk November 15, 2023 Moody’s RMS, the risk modeling and solutions company, estimates private market insured losses from Hurricane Otis to range between US$2.5...
Otis Likely to Be One of Costliest Hurricanes for Mexico Insurance Market: Gallagher Re October 30, 2023 Hurricane Otis is expected to be one of the costliest natural catastrophe events in Mexico’s history with initial economic losses...
Acapulco’s Economic Losses Seen at $15 Billion as Hurricane Otis Death Toll Rises October 26, 2023 By Andrea Navarro Hurricane Otis left a trail of destruction in Acapulco after tearing into the historic Mexican beach town with wind speeds...
Hurricane Otis Makes Landfall Near Acapulco as Category 5 Storm October 25, 2023 By Brian K. Sullivan Hurricane Otis made landfall near the tourist hotspot of Acapulco on Mexico’s Pacific Coast as a deadly Category 5 hurricane...
Report: ‘Climate-Exacerbated Wildfires’ Cost U.S. $394B-$893B Each Year October 23, 2023 By Don Jergler “Climate-exacerbated wildfires” cost the nation $394 billion to $893 billion each year in economic costs and damages, according to a...
Pacific and Atlantic Hurricanes Norma and Tammy Hit Mexico and Barbuda October 23, 2023 By Ignacio Martínez and Fernando Llano Hurricane Norma came ashore near the Pacific resort of Los Cabos at the southern tip of Mexico’s Baja California Peninsula...
Typhoon Koinu Strengthens as It Heads Toward Hong Kong October 6, 2023 By Richard Frost Typhoon Koinu strengthened as the storm headed across the South China Sea toward Hong Kong, contrary to earlier expectations by...
Agents, Insureds Said Surprised by Nationwide’s 10,000 Nonrenewals in NC September 29, 2023 By William Rabb In February, Nationwide Mutual Insurance filed notice with the North Carolina Department of Insurance that it would non-renew some 10,525...
US Already Sets Record for Yearly Billion-Dollar Weather Disasters September 13, 2023 By Seth Borenstein The deadly firestorm in Hawaii and Hurricane Idalia’s watery storm surge helped push the United States to a record for...
Lee’s Rapid Growth Rewriting Hurricane Rule Book September 11, 2023 By Jeff Martin Hurricane Lee is rewriting old rules of meteorology, leaving experts astonished at how rapidly it grew into a goliath Category...