In a recent bulletin the Insurance Council of Australia (ICA) said it “has welcomed the National Disaster Insurance Review announced by the Federal Government.” ICA CEO Rob Whelan said the National Disaster Insurance Review has the full support of the …
Draft legislation to overhaul the U.S. National Flood Insurance Program will be unveiled next week, said the Republican chairman of a congressional insurance oversight panel Thursday. Representative Judy Biggert told Reuters she will present the draft March 11 at a …
Worsening weather and better forecasting methods could push the mining sector to change force majeure provisions in supply contracts and sharpen how blame is allotted when storms or floods disrupt regular business. Climate scientists predict global warming will trigger greater …
The La Nina weather pattern, which recently brought record floods and cyclones to Australia, is weakening, but there is a small risk that it could reform within the southern autumn season, Australia’s weather bureau said on Wednesday. “All available climate …
In Chester County, South Carolina, off a dirt road in the middle of a field, insurance companies are literally unleashing a storm. To simulate hurricane-like conditions, an industry group has built a wind tunnel big enough to accommodate nine large …
A surge in weather-related disasters in Australia could push global mining firms to overhaul supply contracts and rethink how bad weather will affect their operations and customers worldwide. Climate scientists say a warmer world will cause greater extremes of weather …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has released the latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during January. Published by Impact Forecasting, the firm’s …
An architect of Australia’s stalled climate change policy has linked the nation’s recent natural disasters with global warming and called for a new political push to cut carbon emissions. Ross Garnaut, releasing updated advice to the government, said extreme weather …
Just as TC Anthony dissipated over Queensland the flood ravaged State received a warning that another tropical cyclone is heading its way. According to catastrophe modeling firm AIR Worldwide, Cyclone Yasi was “about 1630 kilometers [1018 miles] east northeast of …
