California utilities won’t get a break from lawmakers who were weighing changes to state liability laws that expose the companies to billions in potential damages from last year’s wildfires. Lawmakers don’t have enough time to study and pass a bill …
Global insured losses from natural catastrophes and man-made disasters during the first half of 2018 were US$20 billion, down from US$30 billion in H1 2017, according to Swiss Re Institute’s latest sigma study. On the other hand, during the first …
This post is part of a series sponsored by CoreLogic. Examining the Risk in French Gulch and Redding Less than a year ago, California was ablaze with some of the most catastrophic fires the United States has seen. Over 10 …
Many countries across the globe saw worsening in drought-related and wildfire conditions during July, which have led to hundreds of deaths and created a significant financial impact – particularly in the agriculture, forestry, water management and fisheries industries. This was …
Emergency services in Portugal continued their fight Monday against a major, four-day wildfire on the south coast that threatened to engulf a hillside town overnight. The Civil Protection Agency said 44 people required medical assistance as the blaze passed by …
PG&E Corp. has hired law firm Weil, Gotshal & Manges LLP to explore debt restructuring options, people familiar with the matter said on Tuesday, as California’s biggest utility grapples with liabilities stemming from last year’s wildfires in the state that …
A pair of wildfires tearing through vineyards and brushy hills threatened some 10,000 homes in Northern California on Tuesday. The two fires straddling Mendocino and Lake counties had burned seven homes by Monday night along with some 107 square miles …
Sweltering? Swimming? Choking on wildfire smoke? Blame it on the jet stream and a warming world. Kinked, buckled, stuck or stalled, it doesn’t matter how you describe it, the jet stream — the ribbon of wind that circles the Earth …
Extreme weather that’s gripping northern Europe and parts of Asia may persist through early August, prolonging a deadly heatwave that’s parched crops and sparked devastating forest fires. Temperatures have risen to a record from Japan to Norway because of a …
California utility giants PG&E Corp. and Edison International are one step closer to changing a state law that has exposed them to billions of dollars in wildfire liabilities. Late Tuesday, California Gov. Jerry Brown proposed a bill that would require …
