WASHINGTON – A climatic quirk seems to be slightly shielding the U.S. coast during busy hurricane seasons, often weakening major storms just as they approach America’s beaches, a new study finds. That could help explain why it’s been more than…
The US$175 billion in natural catastrophes losses in 2016 – the lion’s share of which were uninsured – dwarfed those in the previous year and were just shy of 2012’s US$180 billion total, Munich Re reports. The research released Wednesday…
ATLANTA – Recent showers and storms across much of the South have eased the severe drought in the region, but experts say it wasn’t enough to make up for months of dry conditions before the rain finally fell. More rain…
Possible tornadoes swept through parts of Alabama and Tennessee overnight, killing five people and injuring more than a dozen as heavy rains from storms moving across the South produced flooding in areas previously suffering from months of drought. Possible tornadoes…
BELLA BELLA, B.C. – Officials say booms containing a fuel spill from a sunken tug off British Columbia’s central coast have been replaced, but clean up crews continue to face harsh weather as they attempt to work in the area.…
COLLINGWOOD, Ont. – Hydro One is reporting thousands of customers without power after intense storms rolled through parts of central and eastern Ontario on Monday. The utility’s website showed more than 10,000 customers without power as of midnight on a…
Recent severe storms that swept through the southern Prairies – producing heavy rainfall, large hail, high winds, tornadoes and extreme lightning – are estimated to result in insured damage topping $66 million. The damage estimate released by Insurance Bureau of…
Flooding in China in July caused an estimated US$33 billion in economic losses, but claims payouts represented less than 2% of the cost, according to Impact Forecasting’s monthly Global Catastrophe Recap. The report from Impact Forecasting, Aon Benfield’s catastrophe model…
WINNIPEG – A severe storm that roared through southern Manitoba on Wednesday left considerable damage in its wake. Tornado warnings were issued across the region, and reports poured in on social media of trees being downed, intersections flooded and power…
The storms that hit Saskatchewan, Manitoba and Ontario on June 24 and 25 caused more than $34 million in insured damage, according to estimates from Catastrophe Indices and Quantification Inc. (CatIQ). A press release issued on Tuesday by the Insurance…
LITCHFIELD, Minn. – Storms carrying tornadoes, torrential rain and powerful winds damaged homes, deposited a snowplow in a tree and flooded highways in north-central Minnesota and northern Wisconsin. Audrey Schoenberg took shelter at a restaurant in Litchfield, Minnesota, after a…
Laetere Re Ltd. has issued US$100 million worth of catastrophe bonds, covering certain named storms and earthquake in the United States, on behalf of three subsidiaries of United Insurance Holdings Corp. The issuance was announced July 7 by Swiss Re…