As insurance and real estate agents and homeowners feared, Congress left Washington without extending the federal flood insurance program. Congress adjourned until April 12 after failing to agree on an unemployment benefits bill that included a provision with an extension …
The Bermuda-based Catlin Group Limited has given preliminary estimates of the financial impact of the Chilean earthquake – around $140 million – and Windstorm Xynthia – less than $10 million. Catlin noted that the current estimates of the insured damage …
Insurance and real estate agents are being advised to prepare their clients for another possible interruption of the federal flood insurance program in three days, which could be longer than the one that happened last month. The Senate is expected …
A major storm has caused widespread flooding, collapsed roofs and power cuts to 150,000 customers in the western Australian city of Perth. The Bureau of Meteorology said the Monday storm carried wind gusts of more than 75 miles per hour …
Risk Management Solutions announced that it has reached an agreement with Asia Capital Reinsurance Group (ACR) that they will work together to “develop catastrophe risk models enabling ACR to apply the models of particular relevance to the Asian market.” RMS …
Two Canadian provinces are worried about an early start to this year’s forest fire season because of below-normal winter snowfall and dry spring conditions. British Columbia has put fire-fighting aircraft on 48-hour alert, something they do not normally do until …
Authorities evacuated hundreds of people after a volcano erupted beside a glacier in southern Iceland, the country’s civil protection agency said Sunday. The eruption occurred around 11:30 p.m. Saturday (19:30 EDT) beside the Eyjafjallajokull glacier, the fifth largest in Iceland. …
The Massachusetts Congressional delegation has asked President Barack Obama to issue a disaster declaration after last week’s flooding. Ten inches of rain fell in Massachusetts over three days, causing floods that damaged homes and businesses around the state. Sen. John …
Federal Emergency Management Agency (FEMA) Administrator Craig Fugate visited North Dakota to observe operations in response to Red River flooding and meet with North Dakota Governor John Hoeven, U.S. Senators Kent Conrad and Byron Dorgan, U.S. Representative Earl Pomeroy, and …
A tropical cyclone forced Australia’s second-biggest coal port to close on Friday, bringing millions of tons of coal shipments to a halt and threatening to damage thousands of acres of sugar-cane fields. Australia’s Dalrymple Bay coal terminal ceased operations due …
