Australia Urges Residents in Northeast to Evacuate on Flood Risk February 3, 2025 By Michael Heath Australian officials urged residents in the northeastern city of Townsville and adjacent areas to evacuate as torrential rains raised the...
Property-Catastrophe Reinsurance Rates Will Stop Dropping Post Wildfires: Execs February 3, 2025 By Susanne Sclafane RenaissanceRe expects to incur about $750 million in losses from the January 2025 California wildfires—and anticipates that industrywide impacts should...
Australia Braces for Life-Threatening Floods as Six Storms Brew January 31, 2025 By Keira Wright Six storms around Australia and its territories are expected to strengthen in the coming days, with one system likely to...
Climate Change Makes Fierce Winter Storms Like Éowyn Even Stronger January 27, 2025 By Joe Wertz, Olivia Rudgard and Emily Biuso Winter Storm Éowyn pummeled Ireland and the UK with hurricane-force winds on Friday, creating blackouts for hundreds of thousands and...
LA Fires Could Consume 30% of European Reinsurers’ Natural Disaster Budgets: Fitch January 24, 2025 By L.S. Howard The Los Angeles wildfires could consume more than 30% of the aggregate natural catastrophe budgets set for 2025 by Europe’s...
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...