Aon plc said it has launched a new parametric insurance solution designed to address and mitigate commercial losses from hurricane-related storm surge along the coast of the U.S. Developed with parametric flood insurance provider Floodbase and Swiss Re Corporate Solutions, …
Almost 25 years have passed since a Category 5 hurricane struck south of Miami, and the city’s vulnerability to catastrophic storm damage has grown exponentially, according to a new insurance underwriters’ analysis. At the time, Hurricane Andrew was the most …
Millions of tons of ash stored at a former coal-fired power plant in the city will become increasingly vulnerable to flooding and other coastal risks, according to a report compiled for an environmental group that is seeking to have the …
When floodwaters poured into Holly Furlong’s Virginia Beach home in October, she ripped out electrical cords and rushed her four children upstairs. They spent the next two days without power, building blanket forts while anxiously waiting for sewage-tainted waters to …
Four of the top eight cities most vulnerable to a major storm surge are located in Florida, according to a new report released by Karen Clark & Company (KCC). The 2015 “Most Vulnerable U.S. Cities to Storm Surge Flooding” study …
According to catastrophe modeling firm AIR Worldwide, in the three days since Super Typhoon Haiyan roared through the central Philippines, the scale of the devastation revealed in its wake continues to escalate. Preliminary analyses suggest that Haiyan (named Yolanda in …
