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Insured Losses From Los Angeles Wildfires Rising: $8B to $20B

Jan 9 2025 // Editor’s note: This story has been updated with new AccuWeather total loss estimates.With aerial firefighting returning as strong Southern California winds died down for a bit, damage assessments from a handful of...

Major Florida Citrus Grower to End Operations After Years of Hurricanes and Blight

Jan 9 2025 // ORLANDO, Fla. (AP) — A major grower said this week it is abandoning its citrus growing operations, reflecting the headwinds Florida’s signature crops are facing following a series of hurricanes and tree...

Insured Losses From Natural Disasters Hit $140B as Climate Change ‘Shows Its Claws’

Jan 9 2025 // Insurers saw the third most expensive year for natural catastrophe losses in 2024 – reaching a total of US$140 billion – as climate change “is showing its claws,” according to Munich Re.Overall economic...

Oregon’s New Rules for Homeowners Living in Certain High-Risk Wildfire Areas

Jan 9 2025 // Oregon homeowners living in certain areas at high risk of wildfire will face stricter building codes and mandates to reduce vegetation on their properties under new “wildfire hazard maps” unveiled Tuesday.The...

California Wildfires Will Likely Lead to Large Economic and Insured Losses

Jan 8 2025 // Active wind-driven wildfires in Southern California that are estimated to have burned more than 1,000 properties and prompted evacuation orders for more than 80,000 residents will likely lead to what industry watchers say...

Tibet Earthquake Kills at Least 126 People, Leaves Many Trapped

Jan 8 2025 // A strong earthquake shook a high-altitude region of western China and areas of Nepal on Tuesday, damaging hundreds of houses, littering streets with rubble and killing at least 126 people in Tibet. Many others were trapped...

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