Dubai’s Record Rain Floods Expensive Homes and Halts Flights April 18, 2024 By Verity Ratcliffe and Kateryna Kadabashy Dubai flights have been severely disrupted and cars were left stranded on flooded roads after record rainfall over the past...
Rupture on TC Energy’s NGTL Gas Pipeline Sparks Wildfire in Alberta April 17, 2024 By Anushree Ashish Mukherjee A section of TC Energy’s NGTL gas pipeline system in Alberta ruptured and caught fire on Tuesday, sparking a wildfire...
Inflation Continues to Increase Insured Property Exposures Globally: PERILS April 16, 2024 Inflation continues to have an effect on property exposures with sums insured for European windstorm increasing by 10.1% year-on-year at...
‘Zombie Fires’ Smoldering Near Oil and Gas Wells Threaten Canada’s Drillers April 16, 2024 By Robert Tuttle Leftover blazes from last year’s record wildfire season in Canada are threatening to knock out almost 3% of the country’s...
Drought, Heat Raise Risk of Repeat of Canada’s Record-Breaking Wildfires of 2023 April 12, 2024 Canada’s emergency preparedness minister warned Wednesday the country’s wildfire season could be more explosive than last year when it led...
Europe’s Wildfires in 2023 Were Among Worst This Century: Report April 11, 2024 The 2023 wildfire season in the Europe was among the worst this century, according to a European Commission report published...
If US Inflation Reflected Rising Home Insurance Costs, It’d Be Even Higher April 9, 2024 By Zahra Hirji If the rising price of homeowners insurance were factored into the US Consumer Price Index — a key metric of...
Greece Invests Over €2 Billion to Fight Climate Change Effects April 8, 2024 By Paul Tugwell and Sotiris Nikas Greece is investing €2.1 billion ($2.27 billion) to protect the nation from natural disasters caused by climate change as wildfires...
The Risky Economics of ‘Going Bare’ Without Homeowners Insurance April 8, 2024 By Chris Taylor Owning a home can feel like risky business, from coming up with the mortgage payment every month to worrying about...
Taiwan Property Insurers Likely to Remain Profitable Despite Quake Losses: GlobalData April 5, 2024 The 7.2 magnitude earthquake that struck Taiwan’s east coast on April 3 caused substantial damage, particularly in Hualien with collapsed...