Storm Éowyn Leaves Thousands Without Power, Grounds Flights January 24, 2025 By Joe Wertz and Eamon Akil Farhat Hurricane-strength winds battered Ireland and the UK early Friday morning, leaving thousands of homes and businesses without power and disrupting...
Storm Éowyn Set to Bring ‘Weather Bomb’ to UK and Ireland January 23, 2025 By Eamon Akil Farhat and Joe Wertz Storm Éowyn will bring a “weather bomb” to Ireland and the UK, unleashing destructive winds and heavy rain, the Met...
Southern Taiwan Hit by 6.4 Magnitude Quake, TSMC Evacuates Some Factories 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...
Will California’s FAIR Plan Have Enough Cash for Its Wildfire Claims? January 16, 2025 By L.S. Howard There has been some question about whether California’s insurer of last resort – the FAIR Plan – has enough cash...
Cyber, Business Interruption, Natural Disasters Listed as Top 3 Business Risks: Allianz January 15, 2025 By L.S. Howard Cyber, business interruption and natural catastrophes are the top three risks that concern global businesses, according to the Allianz Risk...
Canadian Insured Losses From Catastrophic Events Total C$8.5 Billion in 2024: CatIQ 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...
Update: Re/Insurer Losses From LA Wildfires Expected to Be Significant but Manageable January 10, 2025 By L.S. Howard Insurers are facing significant losses from the catastrophic Los Angeles wildfires — given the high value of homes and businesses...
Insured Losses From Natural Disasters Hit $140B as Climate Change ‘Shows Its Claws’ January 9, 2025 By L.S. Howard Insurers saw the third most expensive year for natural catastrophe losses in 2024 – reaching a total of US$140 billion...
Tibet Earthquake Kills at Least 126 People, Leaves Many Trapped January 8, 2025 By Ken Moritsugu A strong earthquake shook a high-altitude region of western China and areas of Nepal on Tuesday, damaging hundreds of houses,...
China Says 32 People Killed, 38 Hurt as Earthquake Hits Tibet January 7, 2025 By Phila Siu and Jing Li China said 32 people have been killed and another 38 were injured by an earthquake that struck its far western...