The Insurance Council of Australia (ICA) has reacted quickly to the disastrous flooding in the State of Queensland earlier this month with two new initiatives aimed at “developing a more effective and sustainable response to disasters in Australia.” On Thursday …
Australia’s minority Labor government imposed a reconstruction tax and cut environmental spending on Thursday to help fund the recovery from this month’s devastating floods, and immediately ran into opposition from one of the parties keeping it in power. The plan …
Fargo officials told residents this week that they need to start preparing soon for what’s expected to be a third straight year of major spring flooding along the Red River. ‘I don’t think anybody is ready for this. Not three …
A federal judge has ruled that a barge that landed on top of several homes in the Lower 9th Ward in New Orleans did not cause the floodwall to break during Hurricane Katrina. U.S. District Judge Stanwood Duval Jr. of …
A vast lake created by floodwaters will spread across southeastern Australia and threaten rural towns in its path for up to 10 more days, an official said Saturday as the nation’s flood crisis continued to create havoc and destruction. The …
Julia Graham, vice-president of the Federation of European Risk Management Associations (FERMA) examined some of the most intractable issues the insurance industry, and its clients, will be facing in the coming year. Here are her conclusions: — In the context …
A surging river Thursday flooded and isolated the latest community hit in Australia’s deadly flood disaster, straining a levee serving as the main protection between the muddy waters and residents’ homes. The flooding in Kerang, in the southeast state of …
At least 207 people are still missing after Brazil’s worst landslides in decades, authorities said Wednesday, as the death toll from the disaster in a scenic mountain region reached 741. The list of missing people released by the Rio de …
Insured losses from the recent flooding in Australia could top $6 billion, and earnings estimates for Bermudan reinsurers are at risk as a result, Barclays Capital said Tuesday. Barclays analyst Jay Gelb cited early estimates for $4 billion of losses …
Floods that ravaged Australia’s northeast and swamped a major city could be the country’s most expensive natural disaster ever, the government said Monday. Flooding inundated new areas in the south Monday, where water seeped into the streets of rural communities …
