Insured Price Tag for Natural Disasters Was $95B in 2023 With Economic Cost of $250B January 9, 2024 By L.S. Howard Natural catastrophes in 2023 caused global economic losses of US$250 billion, with insurers and reinsurers paying US$95 billion of that...
Alabama Wind Mitigation Grant Application Process Opens for Q1 January 3, 2024 The application process for another round of Alabama home-fortification grants opened Wednesday, Jan. 3, offering up to $10,000 for homeowners...
Expert: ‘Active Year Worldwide’ for Rapid Hurricane Intensification December 19, 2023 By Allen Laman While only three hurricanes made landfall in the United States this year, rapidly intensifying hurricanes in the Atlantic and Pacific...
NOAA: 2023 Atlantic Hurricane Season Ranks 4th for Most-Named Storms December 5, 2023 Ending on Nov. 30, the 2023 Atlantic hurricane season saw 20 named storms, ranking fourth for the most-named storms in...
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...