Catastrophe modeling firm AIR Worldwide estimates that insured losses to onshore properties in the Philippines from Super Typhoon Megi will likely be less than 6.5 billion Philippine pesos ($150 million. AIR said its “loss estimates reflect insured damage to property …
Australia faces almost double the number of destructive tropical cyclones, possibly as many as 22, across oil and gas, iron ore and sugar production regions during 2010/11 cyclone season, the weather bureau said. The above-average number of cyclones are a …
BP Plc told a court it was committed to waiving the legal cap on its liability from the Gulf oil spill, which could have limited the cost to the oil giant to $75 million plus clean-up costs. “BP has chosen …
Hundreds of wary residents fled coastal villages as emergency officials prepared for a powerful typhoon roaring toward the northeastern Philippines on Sunday. Typhoon Megi, the strongest of 10 storms so far to have affected the country this year, had sustained …
Tropical Storm Paula weakened further Thursday, but still packed enough punch to blast through the Cuban capital with driving rains and high winds that toppled trees, flooded streets and left large swaths of the city without power. There were no …
The federal government has declared 21 counties in southern Minnesota disaster areas, prompting Gov. Tim Pawlenty to convene a special session for Oct. 18. The Federal Emergency Management Agency says funds are available to local and state government and some …
An earthquake has rattled parts of central Oklahoma and was felt as far away as southern Kansas. There are no reports of damage or injury. Geophysicist Don Blakeman with the National Earthquake Information Center said the earthquake struck at 9:06 …
The Gulf of Mexico oil spill will push up costs and reduce the number of offshore oil and gas operators in U.S. waters for a long time to come, oil company executives told an industry conference in London on Tuesday. …
Hurricane Paula, the ninth hurricane of the busy 2010 Atlantic season, churned toward the east coast of Mexico’s Yucatan peninsula Tuesday, putting the tourist hub of Cancun on high alert. A hurricane warning was in effect for the eastern Yucatan …
Asia’s death toll from vicious rains spiked Thursday to nearly 140 as disaster officials reached previously isolated areas in Vietnam, while the worst flooding in parts of southern China in nearly a half-century forced 130,000 villagers to evacuate. Security forces …
