US Spending on Climate Damage Nears $1 Trillion Per Year June 17, 2025 By Eric Roston The US has spent nearly $1 trillion dollars on disaster recovery and other climate-related needs over the 12 months ending...
Trump Says FEMA Phaseout to Begin After Hurricane Season June 12, 2025 By Skylar Woodhouse, Lauren Rosenthal and Brian K. Sullivan President Donald Trump said his team will move forward with winding down much of the Federal Emergency Management Agency—but not...
NOAA ‘Fully Staffed’ With Forecasters, Scientists, US Commerce Secretary Says June 5, 2025 By Valerie Volcovici U.S. Commerce Secretary Howard Lutnick told a Senate hearing that the National Oceanic and Atmospheric Administration (NOAA) is “fully staffed”...
Wildfires in Alberta Pose Growing Threat to Canada’s Oil May 30, 2025 By Robert Tuttle and Brian K. Sullivan Wildfires are threatening about 5% of Canada’s crude output as a blaze in Alberta’s oil sands region spreads and approaches...
Wildfires Erupt Near Alberta Oil Well Sites Amid Hot Weather May 27, 2025 By Robert Tuttle Hot weather sparked a string of wildfires around Alberta over the weekend, including some near oil and gas wells operated...
More Tornadoes, Fewer Meteorologists Make for a Dangerous Mix May 27, 2025 By Seth Borenstein As nasty tornadoes popped up from Kansas to Kentucky, a depleted National Weather Service was in scramble mode. The agency’s...
Australia’s East Coast Begins Flood Cleanup as Waters Recede May 26, 2025 By Michael Heath Australia has drafted in emergency service teams from across the nation to help with clean-up operations after devastating floods in...
Four Die as Floods Hammer Area North of Sydney, With More Rain Coming May 23, 2025 By Keira Wright At least four people died and thousands are without power as severe storms lashed Australia’s most populous state. Large swaths...
Hedge Fund Fermat Sees 20% Surge in Catastrophe Bond Market May 15, 2025 By Gautam Naik Hedge fund Fermat Capital Management expects the market for catastrophe bonds to grow 20% this year, as a product based...
Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils April 30, 2025 By L.S. Howard Global insured losses from natural catastrophes hit US$137 billion in 2024, following the 5%-7% annual growth rate that has been...