Atmospheric and Environmental Research (AER), an environmental research and development company and a Verisk Analytics business, announced on Monday that it has led the development of an “innovative, broadly applicable methodology” for analyzing future coastal floods in the United States.…
California governor Jerry Brown has requested presidential disaster declarations for the state following the Valley Fire and Butte Fire, which have claimed the lives of at least three people, destroyed thousands of homes and structures, and scorched more than 145,000…
Catastrophe modelling firm AIR Worldwide estimated on Monday that insured losses from the magnitude 8.3 earthquake that struck Chile’s central coast near Illapel on Sept. 16 will be between US$600 million and US$900 million. Authorities have stated that at least…
Steve Thomson, British Columbia’s Minister of Forests, Lands and Natural Resource Operations, announced on Friday that his ministry is working with the Union of British Columbia Municipalities to introduce the 2016 FireSmart Grant Program. Under the program, fifty grants of…
Most states in the United States lack a sustainable financial strategy to respond to the changing climate landscape, including wildfires, notes a study released Thursday by Swiss Re and Johns Hopkins School of Advanced International Studies (SAIS). “Although individual decision-makers…
The U.S. Geologic Society is reported to have made a loss estimate from the 8.3-magnitude earthquake in Chile on Sept. 16 – emphasizing it is early on and the range is far from concrete – of as much as US$1…
ILLAPEL, Chile – Thousands of residents of this small city in northern Chile were sleeping outside Thursday after a powerful earthquake destroyed their homes, forced more than 1 million to evacuate and killed at least eight people in the quake-prone…
The rise in sea levels in the long term – made worse by event risks such as hurricanes and storm surges – may pressure the operations, capital funding requirements and indebtedness of some local governments in the United States, Fitch…
Old is new again when it comes to rain barrels and how they can be used to help combat the modern problem of increasing water damage, suggests Insurance Bureau of Canada (IBC). Insurance claims for water damage have soared in…
LOS ANGELES – A record-breaking storm slammed parched Southern California on Tuesday, cutting off power to thousands, jamming traffic during the morning commute and stranding some people in surging waterways. Downtown Los Angeles saw a staggering 2.39 inches (6.07centimetres), breaking…
HILDALE, Utah – A van and SUV carrying three women and 13 children sat near the widening stream, waiting for the water to recede so they could cross back to their homes in a small, polygamous town on the Utah-Arizona…
The global demand for cyber insurance presents a huge commercial opportunity for insurers and reinsurers – estimated to be at least US$7.5 billion by the end of the decade – but with that opportunity comes risks that could be potentially…