South Africa Declares National Disaster After Floods, Storms November 13, 2024 By Rene Vollgraaff South Africa declared a national disaster after floods and storms caused widespread damage in the country, allowing the government to...
Storm-Weary Philippines Forcibly Evacuates Thousands as Another Typhoon Hits November 12, 2024 By Jim Gomez A new typhoon barreled across an agricultural region in the northeastern Philippines on Monday after thousands were evacuated to safety...
Multiple Climate Disasters Trigger First-Ever Red Cross Disaster Insurance Pay-Out November 8, 2024 By Emma Farge The world was hit by so many floods and landslides in 2024 that it triggered the aid sector’s first multi-disaster...
Spain’s Devastating Floods Will Cost Insurers Over $3.8 Billion November 8, 2024 By Macarena Munoz The floods that devastated the Spanish region of Valencia at the end of last month are expected to trigger total...
Spain’s Hurricane Katrina Moment Saw Officials Ignoring Warnings November 8, 2024 By Rodrigo Orihuela, Clara Hernanz Lizarraga and Thomas Gualtieri As a deadly storm bore down on Valencia on Oct. 29, the regional president was attending a ceremony to recognize...
Renewable Energy Offers a Cost and Opportunity to Insurance Sector November 7, 2024 By Carolyn Cohn Policyholders in the renewable energy insurance market are paying between 20%-40% more for cover today than a year ago as...
Spain Risks €10.6 Billion Flood Damage Bill, PM Sanchez Says November 6, 2024 By Rodrigo Orihuela, Macarena Munoz and Jorge Zuloaga Spanish Prime Minister Pedro Sanchez announced the first financial package for victims of the storms that killed more than 200...
Valencia Asks for €31 Billion Rescue Package After Deadly Floods in Spain November 5, 2024 By Macarena Munoz The region of Valencia is asking Spain’s central government for rescue funds to help with rebuilding after floods last week...
Spain’s Floods to Cost Insurers More Than €1 Billion: Morningstar DBRS November 4, 2024 Southern Spain’s devastating floods are expected to cost insurers well above €1 billion ($1.1 billion), given the significant damage to...
Deadly Spain Floods Show Difficulty of Adapting to Intense Rains November 1, 2024 By Olivia Rudgard and Thomas Gualtieri Floods that killed more than 150 people in eastern Spain this week were caused by a storm that dumped a...