The Federal Emergency Management Agency says its flood insurance arm will re-inspect more eastern North Carolina homes and businesses damaged during Hurricane Irene after owners complained claims adjusters weren’t doing a good job. FEMA announced Wednesday the National Flood Insurance …
Aon Benfield’s latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during October, states that insurers are exposed to a minimum $5 billion loss as Thailand suffers continued record flooding. The study, …
Two North Carolina state officials want flood insurance claims adjusters to return to areas pummeled by Hurricane Irene to ensure home and business inspections are performed adequately so damage claims can be resolved as winter approaches. State Insurance Commissioner Wayne …
Aon Benfield has published a highly detailed report on the ongoing floods in Thailand, from their meteorological beginnings – extremely heavy monsoon rains – to the widespread damage they have inflicted on one of East Asia’s most vibrant economies – …
The Cuomo administration is distributing an additional $850,000 in aid for more than 100 New York farms impacted by flooding caused by tropical storms Irene and Lee. Gov. Andrew Cuomo on Tuesday, Oct. 25, announced that the state funds will …
Manufacturers of car parts and computer hard drives are the worst hit in Thailand, and face a bleak key holiday selling season due to massive floods, which have shut down production. Japanese car makers that had just started to recover …
The Association of British Insurers (ABI) has issued a bulletin advising “anyone who has suffered flood damage as a result of the heavy rain that has so far hit Northern Ireland, Wales and south-west England to contact their insurer as …
Catastrophe modeling firm AIR Worldwide has issued a bulletin on the “torrential rainfall” that has “caused widespread disruption and damage on both sides of the Irish Sea.” The Dublin area has been the hardest hit. AIR said the “flooding was …
The Bermuda-based Argo Group International Holdings, Ltd. announced that it expects to report in the third quarter its estimate for catastrophe losses and other severe weather activity, net of reinsurance and reinstatement premiums, of approximately $35 million to $40 million. …
Countries and megacities in Africa and Asia are among the most vulnerable to the impacts of climate change over the coming years, a global survey shows, underscoring the risks from floods, rising sea levels, droughts and storms. With populations in …
