Allstate Corp. announced estimated catastrophe losses for the month of June of $1.01 billion, or $799 million, after-tax. June’s month catastrophe losses include 18 events estimated at $1.13 billion, with approximately 60% of the losses related to four wind and …
Europe baked in intense heat, with temperatures reaching almost 46C (115F) on the Italian island of Sardinia on Wednesday, as wildfires continued to rage in Greece. Authorities warned lives were in danger after the latest blast of Saharan heat saw …
South Korean President Yoon Suk Yeol on Monday blamed authorities’ failure to follow disaster response rules as the death toll from days of torrential rain rose to 40, including a dozen people found dead in a submerged underpass. Deluges have …
Canadian wildfires have scorched more than 10 million hectares (25 million acres) this summer, an area about the size of Iceland, with no end to the burning expected anytime soon. About 900 active fires were reported as of Saturday, most …
A cluster of severe thunderstorms pounded the US Northeast including New York City on Sunday, unleashing deadly flooding in Pennsylvania, halting operations at several airports, and prompting tornado watches across New England. In Chicago, air quality has reached unhealthy levels …
Typhoon Talim became the first typhoon to make landfall in China this year on Monday evening, prompting authorities to issue flood warnings, cancel flights and trains, and order people to stay at home. Talim, the fourth typhoon of the year, …
While no one directly asked the question of this article’s headline at the S&P Global Ratings June annual insurance conference, the prospect that an outlook change is near came into view during the industry meeting. During a panel on property/casualty …
Canada’s British Columbia Highway 99 was closed in both directions on Monday due to a brush fire, the British Columbia Wildfire Services (BCWS) said in a post on Twitter. The brush fire broke out in southwest of Whyte Lake, approximately …
Canada’s explosive wildfire season has already pumped millions of tons of carbon dioxide into the atmosphere. Some of that carbon is coming from vegetation burned at a carbon offset project, highlighting the fragility of a tool the world is relying …
Business interruption/supply chain disruption ranks as the top risk facing the construction and engineering sector, which has been hit by soaring construction costs, supply chain disruptions and labor shortages, according to a report published by Allianz Global Corporate & Speciality …
