Connecticut’s congressional delegation is asking President Obama to reconsider the denial of federal aid for tornado-related damage in Fairfield County. The delegation wrote to Obama on Tuesday saying the Federal Emergency Management Agency’s rejection of the aid will deprive property …
Congress is on track to temporarily extend within days a troubled program that insures millions of U.S. homes and businesses against floods, with another push for a broad overhaul looking likely next year. The Senate on Tuesday approved an extension …
The Atlantic region can expect one more major hurricane this autumn and the northeast U.S. coast still faces double the average risk of getting hit, Weather Services International (WSI) said Tuesday. The Massachusetts-based private forecaster predicted the six-month Atlantic-Caribbean storm …
China, India and Indonesia are likely to face much higher losses from natural disasters in coming decades as their economies grow faster than their capacity for disaster prevention and relief, a new report has forecast. That means more foreign investment …
Risk Management Solutions has added to its Japan typhoon existing suite of parametric industry loss indices. The program “now includes the insurance industry’s five largest peril regions – U.S. hurricane and earthquake, Europe windstorm, Japan typhoon and earthquake,” said the …
The Atlantic hurricane season is in full swing as it continues to produce named storm after named storm. The latest in the parade, which has been forming almost constantly off of the Cape Verde Islands over the last 6 weeks, …
The National Flood Insurance Program (NFIP) is set to expire on Sept. 30, just as the 2010 Atlantic Hurricane Season reaches its height. The House has already passed an extension, while a Senate panel is slated to hear a bill …
Catastrophe risk modeling firm AIR Worldwide reports that Typhoon Fanapi made landfall on the east coast of Taiwan on Sunday morning, September 19 (0:00 UTC). The storm, which had been a Category 3 typhoon for several days, weakened slightly just …
Willis Group Holdings announced that its research network partner (WRN – www.willisresearchnetwork.com), a collaboration between academia, industry and government, “is marshalling the expertise of its international membership base to assess the physical, strategic, operational, and financial risks posed by extreme …
The U.S. judge overseeing the hundreds lawsuits filed by shrimpers, restaurateurs and others against BP Plc and its partners as a result of the Gulf of Mexico oil spill urged the parties on Thursday to consider an agreement to avoid …
