ISMAILIA, Egypt – The giant container ship Ever Given, which blocked the Suez canal for six days in March, crossed the waterway on Friday for the first time since it left Egypt after the incident. The ship, en route from …
Hurricane Grace crossed through Mexico on Saturday, leaving at least eight people dead, causing floods and power cuts to more than half a million customers, before losing force as it swept toward the country’s Pacific coast. The storm entered Mexico …
CCRIF SPC, the Cayman Islands-based parametric catastrophe facility, will pay approximately US$40 million to the government of Haiti, following the devastating magnitude 7.2 earthquake, which struck the Caribbean island on Aug. 14, significantly affecting the city of Les Cayes. This …
Earthquakes have been wreaking havoc in Haiti since at least the 18th century, when the city of Port-au-Prince was destroyed twice in 19 years. Saturday’s powerful quake killed hundreds and injured thousands more. Eleven years earlier a temblor killed tens …
Firefighters are struggling to control blazes in France’s Gulf of Saint Tropez and in the Spanish province of Avila, another manifestation of dangerous global warming that’s already caused a long list of extreme weather events this summer. A wildfire burned …
The large 7.2 magnitude earthquake, which hit Haiti on Aug. 14, is likely to cost insurers around $250 million, according to catastrophe modeling firm Karen Clark & Co. (KCC). While the insured losses from this event are estimated at $250 …
LES CAYES, Haiti – Heavy rains lashed Haiti on Tuesday night, complicating rescue efforts and drenching thousands left homeless by a devastating earthquake that killed at least 1,419 people, as hopes dimmed for survivors. Tropical Depression Grace churned over the …
The U.S. deployed search and rescue teams to help find survivors among the debris of collapsed buildings in Haiti as the death toll soars from Saturday’s massive earthquake. At least 1,297 people were killed after the 7.2-magnitude quake struck off …
Estimated insured losses from natural catastrophes reached US$40 billion during the first half – driven by a deep winter freeze, hailstorms and wildfires, while man-made disasters triggered another estimated US$2 billion of insured losses, according to Swiss Re. The loss …
AIR Worldwide, the Boston-based catastrophe modeling firm, estimates insured losses in Germany from July flooding could approach €5 billion ($6 billion). Low pressure system “Bernd” parked itself over central Europe and brought about significant flooding from July 13 to 18, …
