FEMA Doesn’t Have Enough Funding to Last Through Hurricane Season, Mayorkas Warns October 4, 2024 By Kevin Freking and Colleen Long The Federal Emergency Management Agency can meet immediate needs but does not have enough funding to make it through the...
Helene Dumps Rain on Millions of US Homes That Lack Flood Insurance September 30, 2024 By Leslie Kaufman and Brian K. Sullivan On Thursday night Helene crashed into Florida’s coast as a Category 4 hurricane. The giant storm with 140-mile-per-hour winds made...
Hurricane John Makes Landfall in Mexico as Major Category 3 Storm September 24, 2024 By Fredy Garcia Hurricane John hit Mexico’s southern Pacific coast late on Monday as a major category 3 storm, with authorities warning residents...
Hurricane Francine Insured Losses to Be Manageable With New Orleans Miss September 16, 2024 Losses from Hurricane Francine are expected to be manageable for property/casualty insurers, with major population centers sparred from the worst...
Coastal Cities’ Growing Storm Vulnerability Fed by Climate Change and Growth September 13, 2024 By Wanyun Shao Warm water in the Atlantic Ocean and Gulf of Mexico can fuel powerful hurricanes, but how destructive a storm becomes...
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...
Atlantic Hurricane Season Could Intensify in Coming Weeks, Meteorologists Say August 28, 2024 By Ezra Amacher AccuWeather meteorologists are warning that the Atlantic hurricane season could intensify in the coming weeks as less wind shear and...
Remnants of Hurricane Ernesto Trigger Wind and Rain Warnings in Scotland August 22, 2024 By Dylan Griffiths, Eamon Akil Farhat and Paul Tugwell Yellow weather warnings are in place for Scotland on Thursday, as the remnants of Hurricane Ernesto bring strong winds and...
Beryl-Battered Grenada Becomes 1st Country to Use Government Bond Hurricane Clause August 20, 2024 By Marc Jones Grenada has become the first country in the world to use a so-called hurricane clause in a government bond –...
The Huge Profits Investors Have Made on Catastrophe Bonds Are Raising Eyebrows August 19, 2024 By Greg Ritchie and Gautam Naik A strategy that’s delivered specialist investors huge returns is now facing scrutiny, amid concerns that its risk-reward dynamics might be...