April 12, 2022
At least 25 people were killed and several more missing after Typhoon Megi triggered landslides and flooded many areas in central and southern Philippines. Twenty-two persons died in mudslides in Baybay City in Leyte province, while at least six more …
April 5, 2022
The majority of gross losses from recent devastating flooding in Australia likely will be borne by reinsurers with limited impact on primary insurers’ balance sheets, according to an AM Best report. The flooding brought widespread damage to regions of New …
March 30, 2022
Heavy rains deluged Australia’s east coast on Wednesday, submerging entire towns, while thousands of people fled their homes for the second time within weeks after fast-moving flood waters burst river banks and broke over levees. Several towns in northern New …
March 28, 2022
PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has disclosed its fourth and final industry loss estimate for the New South Wales and Queensland floods, which occurred during the period of March 18-24, 2021. The final estimate …
March 24, 2022
The powerful earthquake that jolted Japan’s northeast coast last week is expected to cause insured property losses between $2 billion and $4 billion, modeling firm Verisk said on Thursday. About $400 million to $820 million of the losses will stem …
March 22, 2022
Japanese turned off neon signs, dimmed their lights and dialed down thermostats on Tuesday after the government issued an urgent call to save energy to avoid blackouts after an earthquake last week caused a serious power shortage. Up to 3 …
March 16, 2022
A magnitude-7.4 earthquake struck northern Japan near Fukushima prefecture late on Wednesday, killing two people and injuring dozens, as well as disrupting power and some factories. About 2,000 buildings were still without power as of 4:25 p.m. in Japan’s northeastern …
March 9, 2022
Australia’s Prime Minister Scott Morrison conceded that a changing climate is making the country a more difficult place to live as he declared recent destructive flooding on the east coast a national emergency. Morrison spoke to reporters as he visited …
March 8, 2022
Flood warnings stretched across Australia’s east coast on Tuesday and tens of thousands of Sydney residents fled their homes as torrential rains again pummeled the country’s largest city, flooding several big suburbs. Australia’s eastern rivers were already near capacity following …
March 3, 2022
Sydney was preparing on Wednesday for dangerous flash flooding as population centers farther north began a massive cleanup operation after record floods that have claimed at least 14 lives along Australia’s east coast in recent days. The torrential rain — …