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Nov 20 2024 // Last month’s catastrophic floods in eastern Spain are likely to have a negative impact of 0.2 percentage points on the country’s gross domestic product in the fourth quarter, the Bank of Spain said on...
Nov 19 2024 // Economic losses caused by natural catastrophes reached an estimated US$280 billion in 2023, with US$51.6 billion of that total due to floods, according to Swiss Re Institute.As climate change intensifies extreme weather...
Nov 18 2024 // Total insured losses from recent floods in Spain are expected to exceed €4 billion (US$4.2 billion), according to credit rating agency Morningstar DBRS.This insured price tag includes losses absorbed by the Consorcio de...
Nov 18 2024 // The National Flood Insurance Program will soon start to accept monthly payments for flood insurance premiums, ending 55 years of requiring full payment upon application or renewal.The Federal Emergency Management Agency...
Nov 15 2024 // Tropical Storm Sara has formed off the coast of Honduras, threatening to unleash catastrophic flooding and landslides across Central America.Sara, the Atlantic’s 18th named storm this season, had top winds of 40...
Nov 14 2024 // As with computer models that help predict risk from hurricane winds, insurers now have more than one model to use when gauging flood damage in storm-soaked Florida.The Florida Commission on Hurricane Loss Projection...
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