April 15, 2021
Bermuda-based RenaissanceRe Holdings Ltd. estimated that losses from Winter Storm Uri will have a net negative impact of approximately $180 million on the company’s first quarter 2021 results of operations. Winter Storm Uri was a major wind and ice storm …
April 14, 2021
PERTH, Australia (AP) – A destructive cyclone has damaged several towns on Australia’s western coast, shattering windows, snapping trees and knocking out power. There have been no reports of serious injuries. Tropical Cyclone Seroja crossed the Western Australia state coast …
April 12, 2021
Multiple U.S. severe weather outbreaks, including tornadoes, hail, and flooding, resulted in losses of more than $1 billion for public and private insurers during March, with economic costs approaching $2 billion, according to Aon’s monthly Global Catastrophe Recap report, which …
March 22, 2021
The Insurance Council of Australia (ICA) has declared a Catastrophe for large parts of New South Wales, a state in southeast Australia, following the devastating storms and flooding of the last few days. The ICA’s catastrophe declaration serves to escalate …
March 22, 2021
PITT TOWN, Australia — Australia was set on Monday to evacuate thousands more people from suburbs in Sydney’s west, battered by the worst flooding in 60 years, with torrential rains expected to continue for another day or two. Reuters images …
March 15, 2021
February saw a spate of winter storms in the United States, including the period from Feb. 12-20, which will become the U.S. insurance industry’s costliest winter weather peril on record, according to insurance broker Aon plc in its monthly Global …
March 8, 2021
MECENCANI, Croatia – After the deadly earthquake came the sinkholes. A central Croatian region about 40 kilometers (25 miles) southwest of the capital, Zagreb, is pocked with round holes of all sizes, which appeared after December’s 6.4-magnitude quake that killed …
February 11, 2021
A snowstorm in Spain, called “Filomena,” caused business interruption and property losses estimated at nearly €1.8 billion ($2.2 billion), according to Aon’s monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during …
February 9, 2021
Rescue workers continue to battle mountains of slush and debris at a hydropower construction site in north India that was damaged by flash floods that have killed at least 11 people. The rescue team of Indo-Tibetan Border Police is working …
February 5, 2021
The Insurance Council of Australia (ICA) has declared a catastrophe for the Perth Hills bushfires which continue to burn north-east of Perth. Insurers have received more than 270 claims and estimated loss value is over A$40 million (US$30.5 million), this …