Spain’s Record-Breaking Floods Push Insured Losses Above €4 Billion ($4.2 Billion) November 18, 2024 Total insured losses from recent floods in Spain are expected to exceed €4 billion (US$4.2 billion), according to credit rating...
Super Typhoon Man-yi Lashes Philippines’ Main Island November 18, 2024 By Andreo Calonzo Super Typhoon Man-yi battered parts of the Philippines with powerful winds and intense rains as it made its way across...
Typhoon Usagi Hits Philippines, Set to Track Toward Taiwan November 14, 2024 By Mary Hui Typhoon Usagi struck the northern Philippines on Thursday afternoon, the fifth powerful storm to impact the country in three weeks,...
South Africa Declares National Disaster After Floods, Storms November 13, 2024 By Rene Vollgraaff South Africa declared a national disaster after floods and storms caused widespread damage in the country, allowing the government to...
Storm-Weary Philippines Forcibly Evacuates Thousands as Another Typhoon Hits November 12, 2024 By Jim Gomez A new typhoon barreled across an agricultural region in the northeastern Philippines on Monday after thousands were evacuated to safety...
Multiple Climate Disasters Trigger First-Ever Red Cross Disaster Insurance Pay-Out November 8, 2024 By Emma Farge The world was hit by so many floods and landslides in 2024 that it triggered the aid sector’s first multi-disaster...
Spain’s Devastating Floods Will Cost Insurers Over $3.8 Billion November 8, 2024 By Macarena Munoz The floods that devastated the Spanish region of Valencia at the end of last month are expected to trigger total...
Spain’s Hurricane Katrina Moment Saw Officials Ignoring Warnings November 8, 2024 By Rodrigo Orihuela, Clara Hernanz Lizarraga and Thomas Gualtieri As a deadly storm bore down on Valencia on Oct. 29, the regional president was attending a ceremony to recognize...
Renewable Energy Offers a Cost and Opportunity to Insurance Sector November 7, 2024 By Carolyn Cohn Policyholders in the renewable energy insurance market are paying between 20%-40% more for cover today than a year ago as...
Spain Risks €10.6 Billion Flood Damage Bill, PM Sanchez Says November 6, 2024 By Rodrigo Orihuela, Macarena Munoz and Jorge Zuloaga Spanish Prime Minister Pedro Sanchez announced the first financial package for victims of the storms that killed more than 200...