Aon plc has launched Automated Event Response (AER), designed to enable insurers to view real-time portfolio risks from two of the costliest perils: U.S. hurricane and European windstorm. Insurers, which aim to indemnify customers as soon as possible after a …
Tropical Storm Dorian is about to sideswipe Puerto Rico and the U.S. Virgin Islands. And if you live on Florida’s east coast, it may be time to start gathering supplies. Chances are increasing that the storm will approach Florida bringing …
Tropical Storm Dorian is gaining strength as it approaches the Lesser Antilles and is forecast to skirt Puerto Rico as a weak hurricane. The storm was about 30 miles (50 kilometers) east-southeast of Barbados as of 8 p.m. New York …
Total economic losses, largely flood-driven, were expected to exceed US$600 million, while public and private insurers paid out nearly US$300 million, said Aon in its latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the …
Dry air from the Sahara that’s carrying enough dust it can be seen from space is preventing thunderstorms over the Atlantic from strengthening into powerful tropical systems. The system sits hundreds of miles southeast of the Lesser Antilles, an arc …
Roy E. Wright, CEO and president of the Insurance Institute for Business & Home Safety, wants Congress to consider financing resilience. The IBHS chief testified during a recent appearance before the House Ways and Means Committee that severe weather events …
Serious flooding began on Sunday in parts of northern Mozambique that were hit by Cyclone Kenneth three days ago, with waters waist-high in areas, after the government urged many people to immediately seek higher ground. Hundreds of thousands of people …
Tropical Cyclone Kenneth continued to grow stronger as it swirled toward the coast of Mozambique, where Anadarko Petroleum Corp. has halted all flights to and from its liquefied natural gas site. Mozambican authorities declared a “red alert” in Cabo Delgado …
Tropical Cyclone Kenneth is gathering strength on a track to strike northern Mozambique Friday, less than a month after a storm came ashore further to the south and killed more than 1,000 people. Kenneth has top winds of 52 miles …
Long before Cyclone Idai roared in and tore apart Mozambique’s seaside city of Beira, the mayor dreamed of protecting his people from climate change. It would be a huge challenge. Large parts of the city of 500,000 residents are below …
