Tornado in Southern China Kills 5 People, Damages Factories in City of Guangzhou April 30, 2024 A tornado struck the southern Chinese city of Guangzhou on Saturday, killing five people and damaging more than 140 factory...
RBNZ Says Insurance May Become Unaffordable for High-Risk Homes April 29, 2024 By Tracy Withers New Zealanders who own properties in areas prone to flooding or earthquakes may find they can’t afford insurance or may...
Here’s Why Experts Don’t Think Cloud Seeding Caused Dubai Flooding April 26, 2024 By Seth Borenstein and Brittany Peterson With cloud seeding, it may rain, but it doesn’t really pour or flood — at least nothing like what drenched...
Catastrophe Monitoring Firm ICEYE Completes $93 Million Funding Round April 24, 2024 ICEYE, the microsatellite manufacturer and catastrophe monitoring company, announced definitive agreement signed for an oversubscribed $93 million growth funding round....
Wildfires in Canada’s Oil Sands Region Prompts Evacuation Orders April 23, 2024 By Robert Tuttle Wildfires erupted across Canada’s main oil producing province of Alberta and an evacuation order was issued as the region braces...
Dubai Floods Expose Weaknesses to a Rapidly Changing Climate April 23, 2024 By Laura Millan, Coco Liu and Zainab Fattah The heavy rains that flooded Dubai last week halted air traffic, damaged buildings and streets — and left climate experts...
Global Insured Natural Disaster Claims Again Dominated by Severe US Storms: Gallagher April 18, 2024 By L.S. Howard Global insured losses from natural catastrophes in the first quarter were estimated at $20 billion, with US claims accounting for...
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...