2021 catastrophe losses News

Greek Citizens Angry With Government Over Reponse to Wildfires

As flames threatened to engulf the home of Stelios Kokkinelis in a suburb north of Athens at the weekend and the emergency services failed to respond to his calls for help, he decided to ignore an evacuation order and take …

India Oil Giant Under Fire for Offshore Disaster During Cyclone Tauktae

When India’s weather office sent out cyclone warnings on May 13 and most vessels moved to safety, one barge working on Oil and Natural Gas Corp.’s field off the Mumbai coast stayed put. That decision would prove fatal when Tauktae, …

India Continues Rescue Operations After Powerful Cyclone Tauktae Batters Region

AHMEDABAD/MUMBAI – Naval vessels and aircraft scoured the waters off India’s west coast late on Wednesday after the most powerful cyclone in more than two decades battered the region, sinking an oilfield accommodation barge and killing 26 aboard, authorities said. …

Cyclone Sinks Barge Operated by India’s Oil & Natural Gas Corp., Hundreds Rescued

A cyclone barreling through India’s west coast sank a barge hired by state-run explorer Oil & Natural Gas Corp. prompting a massive operation to rescue 96 people missing from the vessel. “Long-range maritime surveillance aircraft were assisting the rescue effort …

Insurers Report Estimated Q1 Catastrophe Losses

Carriers are starting to report their pretax catastrophe loss estimates for the 2021 first quarter, and the numbers are significant. Below are preliminary numbers from Allstate, Arch, AXIS, and The Hanover. *** The Allstate Corp. said it had nearly $1.7 …