US Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount: Report September 20, 2023 By Leslie Kaufman Home insurance costs that have soared in much of the US may get even higher. Tens of millions of properties...
Hong Kong’s Floods to Hit Insurers’ Earnings, Could Pressure Reinsurance Renewals September 18, 2023 The recent devastating floods following Super Typhoon Saola in Hong Kong and other parts of China may add further pressure...
US Already Sets Record for Yearly Billion-Dollar Weather Disasters September 13, 2023 By Seth Borenstein The deadly firestorm in Hawaii and Hurricane Idalia’s watery storm surge helped push the United States to a record for...
Morocco Survivors Seek Aid as Earthquake Death Toll Passes 2,100 September 11, 2023 By Jihed Abidellaoui and Alexander Cornwell Survivors of Morocco’s deadliest earthquake in more than six decades struggled to find food, water and shelter on Sunday as...
Hong Kong Sees Heaviest Rainfall on Record; Insurance Claims Could Exceed $100M September 8, 2023 By Richard Frost Hong Kong’s heaviest rainstorm since records began in 1884 flooded the financial hub’s streets and sent torrents of water rushing...
Hong Kong Braces for Biggest Typhoon Since 2018 September 1, 2023 By Richard Frost Hong Kong was starting to feel the impact of Super Typhoon Saola as winds reached hurricane force and rain lashed...
Slovenia Estimates €7 Billion Price Tag for Reconstruction After Floods August 31, 2023 By Jan Bratanic Rebuilding from this month’s floods in Slovenia will cost €7 billion ($7.6 billion) over the next five years, Prime Minister...
Super Typhoon Saola Lashes Taiwan Before Heading to Hong Kong August 30, 2023 By Cecilia Yap and Sing Yee Ong Super Typhoon Saola pummeled the south of Taiwan early Wednesday with strong winds and heavy rain, shutting offices and canceling...
Dutch Insurer NN Says Extreme Weather May Make Further Premium Hikes Unavoidable August 30, 2023 By April Roach Dutch insurer NN Group NV may increase premiums further as extreme weather patterns become more prevalent, Chief Executive Officer David...
More Than 600 Firefighters, Water-Dropping Planes Struggle to Control Greece Wildfires August 28, 2023 By Elena Becatoros More than 600 firefighters, including reinforcements from several European countries and backed by a fleet of water-dropping planes and helicopters,...