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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 — …
