June 4, 2024
TALLAHASSEE, Fla. (AP) β Recovery from a May 10 tornado outbreak has cost Florida’s capital city $50 million so far, Tallahassee Mayor John Dailey said Friday. Florida officials have requested that the Federal Emergency Management Agency declare a major disaster, …
May 28, 2024
The same weather system that spawned deadly tornadoes in Texas, Oklahoma and Arkansas also killed five people in western Kentucky and left hundreds of properties damaged. Local news reports said that people died in Mercer County, Hardin County, Hopkins County …
May 1, 2024
The tornadoes that ripped through parts of Nebraska, Iowa and Oklahoma late last week damaged some 7,200 homes, leaving a reconstruction tab of $2.1 billion, according to CoreLogic, the data analytics firm. Some 127 tornadoes spun out of a severe …
February 9, 2024
The economic losses from the latest round of California storms will be significant, with many of these losses may not be insured because only 2% of California residents have purchased flood insurance, David Blades, associate director, industry research and analytics, …
November 30, 2023
By most measures, California usually tops the list of the states most at risk of fires, but a new report shows the state’s residents and their desires to stay warm in chillier months may be making the state even riskier. …
September 11, 2023
Total global insured losses from natural catastrophes of more than $100 billion a year may be less newsworthy than in the past. In fact, the industry should expect loss totals of at least $100 billion every year, according to models …
September 5, 2023
Moody’s RMS and Verisk on Monday each released insured loss estimates for Hurricane Idalia. RMS estimated total private market insured losses from Idalia to be between $3 billion and $5 billion, with a best estimate of $3.5 billion. Verisk meanwhile …
September 1, 2023
Though it made landfall as a Category 3 storm, Hurricane Idalia impacted an are of low population and is expected to cause private insured losses of about $2.2 billion, according to catastrophe modeler Karen Clark & Co. “Idalia made landfall …
August 28, 2023
Catastrophe modeler Karen Clark & Co. said privately insured losses in the U.S. from Hurricane Hilary will be near $600 million. Once a Category 4 storm, Hurricane Hilary weakened to a tropical storm before it made landfall near Baja California …
August 15, 2023
Catastrophe modeler Karen Clark & Company has issued new estimates showing the insured property losses from the Lahaina Fire in Hawaii to be around $3.2 billion. At least 99 people were killed in Maui’s wildfires, a figure that’s likely to …