Hurricanes News

Otis Likely to Be One of Costliest Hurricanes for Mexico Insurance Market: Gallagher Re

Hurricane Otis is expected to be one of the costliest natural catastrophe events in Mexico’s history with initial economic losses expected to top US$10 billion, according to Gallagher Re. Further, insured losses are expected to run into the billions of …

Acapulco’s Economic Losses Seen at $15 Billion as Hurricane Otis Death Toll Rises

Hurricane Otis left a trail of destruction in Acapulco after tearing into the historic Mexican beach town with wind speeds of 165 miles (266 kilometers) per hour, smashing shops and wrecking apartment buildings and hotels. State authorities have reported 27 …

Hurricane Otis Makes Landfall Near Acapulco as Category 5 Storm

Hurricane Otis made landfall near the tourist hotspot of Acapulco on Mexico’s Pacific Coast as a deadly Category 5 hurricane with winds capable of collapsing homes, ripping apart power lines and tossing trees. The storm made landfall around 2:25 a.m. …

Report: ‘Climate-Exacerbated Wildfires’ Cost U.S. $394B-$893B Each Year

“Climate-exacerbated wildfires” cost the nation $394 billion to $893 billion each year in economic costs and damages, according to a Congressional report out this week. The range combines estimates from existing research on property damage, deaths and injuries, health impacts …

Pacific and Atlantic Hurricanes Norma and Tammy Hit Mexico and Barbuda

Hurricane Norma came ashore near the Pacific resort of Los Cabos at the southern tip of Mexico’s Baja California Peninsula on Saturday afternoon. Hours later, Hurricane Tammy made landfall on the Caribbean island of Barbuda. The storms were each Category …

Typhoon Koinu Strengthens as It Heads Toward Hong Kong

Typhoon Koinu strengthened as the storm headed across the South China Sea toward Hong Kong, contrary to earlier expectations by most meteorologists who had predicted it would weaken. At 5 p.m. Hong Kong time, Koinu had maximum sustained winds of …

Agents, Insureds Said Surprised by Nationwide’s 10,000 Nonrenewals in NC

In February, Nationwide Mutual Insurance filed notice with the North Carolina Department of Insurance that it would non-renew some 10,525 homeowner policies in the state due in large part to the growing risk from climate change and hurricanes. The move …

US Already Sets Record for Yearly Billion-Dollar Weather Disasters

The deadly firestorm in Hawaii and Hurricane Idalia’s watery storm surge helped push the United States to a record for the number of weather disasters that cost $1 billion or more. And there’s still four months to go on what’s …

Lee’s Rapid Growth Rewriting Hurricane Rule Book

Hurricane Lee is rewriting old rules of meteorology, leaving experts astonished at how rapidly it grew into a goliath Category 5 hurricane. Lee โ€“ which just as quickly dropped to a still-dangerous Category 3 and held that strength Saturday โ€“ …

Hurricane Lee Strengthens to Category 5 Storm

Hurricane Lee has become the strongest Atlantic storm since 2019 with winds of 165 miles (266 kilometers) per hour, and the US National Hurricane Center said the Category 5 system isn’t done growing yet. While the storm is far from …