January 23, 2025
Storm Éowyn will bring a “weather bomb” to Ireland and the UK, unleashing destructive winds and heavy rain, the Met Office forecaster said. People across Ireland were told to stay home Friday, with schools closing as severe weather warnings come …
January 21, 2025
A 6.4 magnitude earthquake struck a mountainous, rural area of Taiwan’s south on Tuesday near the city of Chiayi, the island’s weather administration said, with reports of minor damage. Chipmaker TSMC said it had evacuated staff at its factories in …
January 16, 2025
There has been some question about whether California’s insurer of last resort – the FAIR Plan – has enough cash on hand to pay for its share of wildfire claims. As surplus is inadequate and reinsurance has a deductible that …
January 15, 2025
Cyber, business interruption and natural catastrophes are the top three risks that concern global businesses, according to the Allianz Risk Barometer 2025. Cyber incidents, such as ransomware attacks, data breaches and IT outages, is the top global risk for 2025, …
January 13, 2025
The magnitude of catastrophic events experienced across Canada in 2024 pushed the insured loss total for the region to C$8.5 billion (US$5.9 billion), according to Catastrophe Indices and Quantification Inc. (CatIQ), Canada’s insured loss and exposure indices provider. In addition …
January 10, 2025
Insurers are facing significant losses from the catastrophic Los Angeles wildfires — given the high value of homes and businesses in the affected communities. However, those losses are likely to be manageable for both insurers and their reinsurers, with preliminary …
January 9, 2025
Insurers saw the third most expensive year for natural catastrophe losses in 2024 – reaching a total of US$140 billion – as climate change “is showing its claws,” according to Munich Re. Overall economic losses from natural disasters worldwide reached …
January 8, 2025
A strong earthquake shook a high-altitude region of western China and areas of Nepal on Tuesday, damaging hundreds of houses, littering streets with rubble and killing at least 126 people in Tibet. Many others were trapped as dozens of aftershocks …
January 7, 2025
China said 32 people have been killed and another 38 were injured by an earthquake that struck its far western region of Tibet. The epicenter of the magnitude 6.8 quake that hit around 9:05 a.m. Tuesday morning was in Tingri …
December 23, 2024
Fire restrictions are in place across the Australian state of Victoria as one of its most popular national parks burns and officials warn of potentially “catastrophic” conditions in some areas over Christmas. A large bushfire near the scenic Grampians National …