Moody’s RMS Estimates $5B Insured Losses From Turkey Quake as Costs Keep Mounting February 23, 2023 The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as...
Extreme Weather May Force New Zealand to Rethink Where It Builds: Finance Minister February 17, 2023 By Tracy Withers New Zealand faces big questions about where people should live and how to build infrastructure as the devastating aftermath of...
Turkey Earthquakes to Cost Insurers $2.4 Billion: Karen Clark & Co. February 16, 2023 Catastrophe modeling firm Karen Clark & Co. (KCC) said on Thursday it expects insured losses of $2.4 billion from the...
Turkey Needs to Build Million Homes After Earthquakes, Developer Says February 16, 2023 By Taylan Bilgic Turkey would need to construct about a million new homes in the 10 provinces hit by the February 6 earthquakes,...
New Zealand Searches for Missing After Cyclone; Sizable Economic Cost Expected February 16, 2023 By Tracy Withers New Zealand is still searching for people missing in the aftermath of Cyclone Gabrielle amid fears the death toll will...
Cyclone’s Destructive Path Through New Zealand, Killing at Least Four People February 15, 2023 By Tracy Withers Four people are dead and there are concerns for others who are missing on New Zealand’s North Island as emergency...
Earthquakes in Turkey to Cost Insurers More Than $1 Billion, Verisk Estimates February 14, 2023 Economic losses for the Feb. 6, 2023 earthquakes in Turkey will likely exceed US$20 billion, while insured losses will likely...
Cyclone Gabrielle Leaves Trail of Destruction Across New Zealand’s North Island February 14, 2023 By Tracy Withers Cyclone Gabrielle has started to track away from New Zealand after leaving a trail of destruction across large parts of...
Cyclone Gabrielle Hits New Zealand Leaving Thousands of Homes Without Power February 13, 2023 By Tracy Withers Tens of thousands of homes in northern New Zealand are without electricity as a powerful cyclone begins lashing the South...
New Zealand Braces for Cyclone Gabrielle, Just Days After Devastating Floods February 10, 2023 By Lucy Craymer Residents of Auckland, New Zealand’s largest city, are being asked to prepare for further bad weather as a system described...