Australia’s record floods are causing catastrophic damage to infrastructure in the state of Queensland and have forced 75 percent of its coal mines, which fuel Asia’s steel mills, to grind to a halt, Queensland’s premier said on Wednesday. The worst …
Chambers County officials are defending their spending of tens of millions of federal dollars for cleanup from Hurricane Ike after a federal audit questioned whether the money was properly used in the Southeast Texas county devastated by the September 2008 …
BP and its partners made a series of cost-cutting decisions that ultimately contributed to the oil spill that ravaged the Gulf of Mexico coast over the summer, the White House oil spill commission said Wednesday. In its final report on …
Military flights rushed Monday to restock an Australian city before it is cut off by floodwaters that have turned a huge swath of the Outback into a lake, while police confirmed two more deaths in the crisis. Drenching rain that …
Gov. Mike Beebe has declared two Arkansas counties affected by a tornado and severe storms as state disaster areas. Severe weather on Dec. 31 caused three deaths and eight injuries, along with damage to more than 30 homes and businesses …
The military flew out a town’s entire population of 300 people by helicopter Wednesday in eastern Australia where waters continued to rise after days of drenching rain. A total of 1,000 people were evacuated from the town of Theodore and …
As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No more. Cleanup, government fines, lawsuits, legal fees and damage claims will likely exceed the $40 billion that BP has publicly …
The Federal Emergency Management Agency (FEMA) is seeking a top-to-bottom review of the efforts to reform the nation’s flood insurance program. The National Association of Mutual Insurance Companies (NAMIC) has offered a set of reform proposals designed to improve the …
Flagstone Reassurance Suisse SA and Risk Management Solutions have announced the successful placement of $210 million of multi-peril Montana Re 2010-1 Notes, the second offering sponsored through the Montana Re shelf program. RMS noted that it had “conducted the expert …
Heavy rains and flooding in Australia’s key coal-producing Queensland state have impacted mining operations and brought parts of the coal infrastructure, including rail and ports, to a standstill, operators said on Wednesday. Dalrymple Bay Coal terminal and Gladstone Ports, two …
