New Mexico is slipping further into drought, having marked the driest two-year period in nearly 120 years of record-keeping. National weather forecasters and water managers shared the latest statistics on New Mexico’s devastatingly dry conditions during a meeting Tuesday. They …
Philadelphia Insurance Cos. (PHLY) a property/casualty and professional liability insurance company for niche markets, has launched insurance coverage specifically designed to protect restoration contractors. These companies are typically hired – often by insurance companies – to clean up and restore …
Metar Weather is expanding the rollout of its weather risk protection insurance products to snow removal professionals, buyers of snow removal services and ski resort operators in the Northeast, Mid-Atlantic and Midwestern regions to help protect them from winter weather …
The U.S. national weather forecaster still expects the much-feared El Niño phenomenon, which can wreak havoc on global weather, to remain weak into the Northern Hemisphere winter, even after its development slowed last month. In its monthly assessment, the Climate …
An El Nino event, usually associated with significant changes in rainfall, is likely to develop this month and next in the Pacific, affecting global climate patterns, the World Meteorological Organization (WMO) said on Tuesday. The phenomenon, characterized by unusually warm …
An emerging El Nino weather pattern is likely to have only a modest impact on crops and mining in Australia and could benefit sugar cane growers in Queensland, a senior forecaster said. Drier conditions have already settled in over much …
The Insurance Bureau of Canada (IBC) reports that the estimated insured damage caused by the recent severe thunderstorm event that hit the Edmonton area in July amounts to more than $100 million. The IBC noted that the estimate, “reported by …
The latest report on the world’s catastrophes from Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, highlights flooding in China that generated more than $8.3 billion in economic losses across the country in July. Paradoxically the …
The Guy Carpenter Asia-Pacific Climate Impact Centre (GCACIC), a joint initiative of Guy Carpenter and City University of Hong Kong, has released its third annual report, which presents the findings of the 27 research projects conducted by GCACIC members on …
The feared El Nino weather phenomenon could strike as early as the third quarter of 2012, raising prospects of wreaking weather havoc from North and South America to Asia, the U.S. Climate Prediction Center (CPC) said on Thursday. “Overall, the …
