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

Tropical Storm Danny Weakens; East Coast Likely Spared Hurricane

Tropical Storm Danny weakened in the Atlantic Ocean Thursday and was no longer expected to become a hurricane, but it edged closer to the U.S. coast on a path that could take it to Canada’s Atlantic provinces by Sunday. Storm …

Multiple Earthquakes Shake Central Oklahoma in 24 Hours

At least 10 minor earthquakes have shaken central Oklahoma in the past 24 to 36 hours, the most recent occurring early in the morning on Aug. 28, according to the Oklahoma Geological Survey. This morning’st tremor measured a magnitude of …

Canada’s Insurers Urge Ontario Residents to Check Tornado Coverage

Canada’s home, car and business insurers have urged residents affected by tornadoes that recently tore through southern Ontario to check their homeowner’s policy and contact their insurance representative as soon as possible. “Wind and hail damage due to tornadoes is …

Swiss Re Calls for Public/Private Coordination to Tackle Nat Cat Costs

Swiss Re is intensifying its efforts to urge governments to take a “more joined-up approach to managing risk.” At a recent conference in Helsinki, Swiss Re, through its Nordic Risk & Insurance Summit (NORIS™), to suggest how governments can improve …

Tropical Storm Danny, Expected to Become Hurricane, Heads Northeast

The U.S. National Hurricane Center said Tropical Storm Danny was located about 575 miles south-southeast of Cape Hatteras, North Carolina, as of 8 a.m. EDT (Noon GMT) Thursday and packing winds near 60 miles per hour. Danny was headed northwest …

RMS Analyzes Greek Wildfires

A bulletin from Risk Management Solutions notes that over the past 24 hours, the wildfire situation in Athens has greatly improved, but continues to be closely monitored as there is a high risk of further flare-ups. In addition RMS noted …

Tropical Storm May Form Today

The U.S. National Hurricane Center said an area of disturbed weather centered about 470 miles east of Nassau in the Bahamas could become the season’s latest tropical depression, or more likely, tropical storm, later Wednesday. But forecast tracks so far …

Numbers Tell of Reconstruction of Mississippi Since Hurricane Katrina

August 29 will mark four years since Hurricane Katrina pummeled Mississippi. Since then, the Federal Emergency Management Agency (FEMA), in partnership with the Mississippi Emergency Management Agency and other state and local governments and organizations, has helped the state rebuild. …

South Carolina Flood Insurance Premiums, Deductibles Rising

Flood insurance premiums and deductibles are increasing by about 8 percent for thousands of homeowners across South Carolina. The National Flood Insurance Program is raising monthly premiums and doubling deductibles beginning Oct. 1. At the end of April, almost 201,000 …

Florida Hurricane Insurance System in Better Shape Should Luck Run Out

Florida property insurers are warning residents that a major hurricane is likely this season given the state’s history of storms. At the same time, the industry says the state-backed catastrophe reinsurance fund, the Florida Hurricane Catastrophe Fund, and the state’s …