The 2010 Atlantic hurricane season will be even more active than feared, leading U.S. forecasters said Wednesday as they predicted 10 hurricanes, five of them major, with a 76 percent likelihood that a major hurricane would hit the U.S. coastline. …
Tropical Cyclone Phet roared toward the coast of Oman and was expected to make landfall late on Thursday at the earliest before barreling toward the oil-exporting Gulf Arab state’s LNG facilities. But Phet, a Category 4 storm with winds of …
Gaylord Entertainment Co. says it expects the total remediation and rebuild cost for its properties in Nashville, Tennessee damaged by early May’s record flooding to be between $215 million and $225 million. The costs include approximately $165 to $172 million …
Catastrophe risk modeling firm AIR Worldwide described the early tropical storm Agatha as “short-lived, but deadly,” as it “wreaked havoc in Central America over the weekend. Agatha benefitted “from low wind shear and sea surface temperatures of 30°C,” said AIR, …
The 2010 Atlantic hurricane season is likely to produce 10 hurricanes, five of them major, the Colorado State University hurricane forecasting team said Wednesday, increasing a previous estimate for a “very active” season. The report confirms earlier warnings that more …
Investigators probing the nation’s worst coal mining disaster in 40 years plan to enter the Upper Big Branch mine for the first time today, owner Massey Energy Co. said. Unsafe levels of toxic and explosive gases have kept federal and …
Florida’s Division of Emergency Management, under a second director since Craig Fugate left a year ago to run its federal counterpart, is getting a jump start on the hurricane season. With the storm season to begin Tuesday, the agency has …
The National Flood Insurance Program (NFIP), which expired at midnight on May 31, is not expected to be able to issue new policies for a week or longer. As reported by Insurance Journal last Friday, Congress left town for the …
Reinsurers transferred $2.35 billion in catastrophe risk to capital markets before the U.S. hurricane season that began Tuesday, higher than the $1.4 billion last year, as the catastrophe bond sector starts to resume normal issuance after the global financial crisis. …
The death toll in Central America from landslides and flooding triggered by the year’s first tropical storm surged to 99 on Sunday, as authorities struggled to clear roads of debris and reach cut-off communities. Rains from the remnants of Tropical …
