Tropical Storm Karl hit Mexico’s Yucatan Peninsula Wednesday and was expected to head into the Gulf of Mexico, threatening Mexican oil installations and possibly gaining hurricane strength. Mexico’s state-run oil giant Pemex has not yet curtailed any operations but said …
For some Ohioans, the memory of Hurricane Ike is only surpassed by the damage it caused last Sept. 14 as it made its way across the Buckeye State packing winds at speeds equal to a Category 1 hurricane (up to …
At least 14 people were killed Monday when a plane owned by Venezuela’s state-run airline Conviasa with 51 people on board slammed into the yard of a steel mill, officials said. Four on board were reported missing. The ATR-42 plane …
Tropical Storm Julia grew in the far eastern Atlantic into the fifth hurricane of the storm season, while Hurricane Igor weakened slightly but remained a dangerous Category 4 storm, forecasters said on Tuesday. Neither hurricane posed an immediate threat to …
The strength of Hurricane Igor is likely to flucuate over the next few days as it crosses the Atlantic Ocean, according to the National Hurricane Center. As of 11 a.m. Eastern time on Monday morning, Hurricane Igor was a category …
Like the rainfall that inundated Texas as a result of Tropical Storm Hermine, claims from property damage caused by the storm have been pouring in to insurers, the Insurance Council of Texas has reported. ICT spokesman Mark Hanna says claims …
Risk Management Solutions has stated that, based on its analysis of the area exposed to the New Zealand earthquake, it “currently expects that approximately 60-70 percent of the insured loss will be residential, and 30-40 percent will be commercial and …
A study published by Standard & Poor’s Ratings Services – entitled: “Reinsurers Foot The Bill For Chilean Earthquake Losses” – indicates that the global reinsurance industry has “shouldered a significant portion of the economic losses related to the powerful earthquake …
BP Plc and its Gulf of Mexico oil well partners traded blame Wednesday after an internal BP investigation tried to downplay the company’s role in the world’s biggest offshore spill. The 193-page BP report offered a preview of how the …
Natural disasters are tending to kill fewer people but climate change may add to the toll by unleashing more extreme weather and causing after-effects such as disease and malnutrition, experts say. Better warnings of cyclones or heat waves and an …
