Mexican startup Super, which offers coverage for earthquake property damages, plans to expand into hurricane insurance and possibly raise a fresh funding round next year, according to chief executive officer and founder Sebastian Villarreal. The company, which launched in 2019, …
A California moratorium guaranteeing insurance in wildfire-threatened areas lapsed Saturday, putting 347,000 homes in Pasadena and other Los Angeles foothills communities at the mercy of the market. As many as 2.4 million homes are at risk of losing protection in …
Two storms that raged across Alberta and Saskatchewan in Canada in July and August caused C$120 million (US$94.5 million) in insured damage, while the August wildfire, in White Rock Lake, British Columbia, is now estimated to have caused damages of …
Royal Dutch Shell, the largest U.S. Gulf of Mexico oil producer, said damage to offshore transfer facilities from Hurricane Ida will cut production into early next year, slashing deliveries of a type of crude oil prized by refiners. Shell was …
Hurricane Ida will likely become one of the costliest U.S. mainland hurricanes on record both on a nominal and inflation-adjusted basis, according to Aon’s monthly Global Catastrophe Recap report, which evaluated the impact of natural disaster events worldwide during August …
Authorities in Shanghai and neighboring coastal regions canceled flights, and suspended schools, subways and trains as Typhoon Chanthu approached China after drenching Taiwan though causing little damage there. The storm, with winds of more than 170 kilometers per hour near …
Climate change is making China’s annual summer floods worse, and cities housing millions of people aren’t prepared to handle the damage. Record-breaking rainfall in the central province of Henan killed more than 300 people last month, while downpours continue to …
ATHENS, Greece (AP) – Greece’s fire department scrambled firefighting aircraft and ground forces as at least two new blazes broke out in areas already scarred by wildfires this summer, with strong winds complicating efforts to contain them. The first broke …
AGDINES, Greece (AP) – For generations, residents in the north of the Greek island of Evia have made their living from the dense pine forests surrounding their villages. Tapping the ubiquitous Aleppo pines for their resin, the viscous, sticky substance …
RMS, the Newark, Calif.-based catastrophe modeling company, estimates that insured losses from the Western and Central Europe flooding, which occurred between July 12 and 18, 2021, will likely range between €5 billion and €6.5 billion (US$6 billion and US$7.7 billion). …
