Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has released the latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during January. Published by Impact Forecasting, the firm’s …
An architect of Australia’s stalled climate change policy has linked the nation’s recent natural disasters with global warming and called for a new political push to cut carbon emissions. Ross Garnaut, releasing updated advice to the government, said extreme weather …
Tropical cyclone Yasi roared ashore on the coast of Queensland last night, causing widespread damage to property and knocking out power throughout the region. Although the damages from the wind, the rain and the high tides are severe, no deaths …
Record ocean temperatures and an intense La Nina weather pattern have helped spawn one of the most powerful cyclones in Australia but whether there’s a direct climate change link is less clear. Cyclone Yasi, a maximum category 5 storm, was …
Just as TC Anthony dissipated over Queensland the flood ravaged State received a warning that another tropical cyclone is heading its way. According to catastrophe modeling firm AIR Worldwide, Cyclone Yasi was “about 1630 kilometers [1018 miles] east northeast of …
Tropical Cyclone Anthony made landfall over the coast of the Australian State of Queensland on Sunday, close to the town of Bowen, and approximately 275 miles (440 kms) southeast of Cairns. An analysis of the storm from Risk Management Solutions …
The Insurance Council of Australia (ICA) has reacted quickly to the disastrous flooding in the State of Queensland earlier this month with two new initiatives aimed at “developing a more effective and sustainable response to disasters in Australia.” On Thursday …
Australia’s minority Labor government imposed a reconstruction tax and cut environmental spending on Thursday to help fund the recovery from this month’s devastating floods, and immediately ran into opposition from one of the parties keeping it in power. The plan …
A vast lake created by floodwaters will spread across southeastern Australia and threaten rural towns in its path for up to 10 more days, an official said Saturday as the nation’s flood crisis continued to create havoc and destruction. The …
A surging river Thursday flooded and isolated the latest community hit in Australia’s deadly flood disaster, straining a levee serving as the main protection between the muddy waters and residents’ homes. The flooding in Kerang, in the southeast state of …
