Disaster (Flood,Coastal,EQ,W-Fire,etc.) News

Louisiana Hurricane Researcher and Corps Critic Fails to Win Job Back

A federal judge refused to immediately reinstate Louisiana State University hurricane and coastal researcher Ivor van Heerden, who was stripped of most of his duties last year. Van Heerden claims he is losing his job because he has been outspoken …

Key Mississippi Katrina ‘Wind v. Water’ Case Settled Out of Court

A Mississippi couple and the insurer they were suing over hurricane damage to their coastal home from Hurricane Katrina have settled their closely-watched case out of court. The terms were not disclosed. The case, Corban v. USAA, dealt with what …

Italy’s Mt. Vesuvius Ranked as Europe’s Most Dangerous Volcano

A major eruption of Italy’s Mount Vesuvius could result in 8,000 fatalities, 13,000 serious injuries and total economic losses of more than $24 billion, says a new study. According to the Willis Research Network (WRN), Vesuvius now ranks at the …

Icelandic Volcano Eruption Intensifies; Airline Travel No-Go

A volcanic eruption in Iceland, which has thrown up a 6-km (3.7 mile) high plume of ash and disrupted air traffic across northern Europe, has grown more intense, an expert said on Thursday. The eruption under the Eyjafjallajokull glacier continued …

President Obama Signs Jobless Aid, Flood Insurance Extension

Congress Thursday voted to restore jobless benefits for hundreds of thousands of Americans who had lost them during a partisan standoff in the Senate over spending. [The bill also reauthorizes the federal flood insurance program until the end of May …

West Virgina Governor Wants Independent Mine Investigation

West Virginia’s governor has asked a former top federal mine safety official to conduct an independent investigation of an explosion that killed 29 miners in his state, and also called for more scrutiny of mines with a history of safety …

Death Toll from Southwestern China Earthquake Now at 300

The death toll from an earthquake in the mountainous Tibetan plateau in southwestern China has reached about 300, with more than 8,000 injured, state television reported on Wednesday, quoting a government official.

Minor Earthquake Reported in Southwest Virginia

There are no reports of damage from a minor earthquake that struck Southwest Virginia. The National Geological Survey’s Web site says the 2.5-magnitude temblor struck at 12:12 a.m. Tuesday. The epicenter was 8 miles northwest of Richlands and 7 miles …

Report: Q1 Catastrophe Bond Market Sees Sustained Improvement

Catastrophe bond issuance conditions saw sustained improvement in the first quarter of 2010, reflecting the increase in prominence of the insurance linked securities (ILS) asset class. Despite the continued improvement in market conditions, however, catastrophe bond issuance relative to the …

Bill Restoring Jobless Aid, Flood Insurance Clears Senate Hurdle

A measure that would restore lapsed jobless aid for hundreds of thousands of Americans and reauthorize the federal flood insurance program cleared a hurdle in the Senate Wednesday, clearing the way for passage later in the week. By a vote …