Tornado-Like Waterspouts Are ‘More Likely’ as the Mediterranean Warms August 23, 2024 By Eamon Farhat and Jack Wittels The type of weather phenomenon that may have led billionaire Mike Lynch’s yacht to sink in the Mediterranean this week...
Update: Greece Battles Wildfires While Storm Lilian Crosses UK August 23, 2024 By Paul Tugwell, Eamon Akil Farhat and Joao Lima Greek wildfire risks increased as temperatures climb and near gale force winds blow across the Aegean Sea, while Storm Lilian...
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 –...
Europe’s $42 Billion Effort to Fight Wildfires Is an Uphill Battle August 19, 2024 By Eamon Farhat and Paul Tugwell Europe is spending tens of billions of euros a year to fight wildfires, yet it hasn’t stopped blazes from flaring...
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...
Wildfire Near Athens Burns Area Nearly Twice the Size of Manhattan August 16, 2024 A European Union satellite mapping agency says 104 square kilometers (40 square miles) of land was burned northeast of Athens...
The Shaky Ground Below Istanbul Is Getting People Worried August 16, 2024 By Ugur Yilmaz When Turkish lender Denizbank paid more than $350 million for the building that houses its headquarters in April, the purchase...
Ernesto Becomes Category 2 Hurricane as It Heads to Bermuda August 16, 2024 By Will Wade Ernesto strengthened into a Category 2 hurricane as it plowed northward toward Bermuda, threatening to drench the British territory with...
Hard Reinsurance Prices Likely to Last Longer Than in Previous Market Cycles: Report August 15, 2024 By L.S. Howard Hard reinsurance pricing conditions are likely to last longer than in previous market cycles mainly due to persistently high claims...