The insurance and reinsurance industry loss from the conflict in Ukraine could exceed US $20 billion, according to Verisk-owned specialist claims and loss data unit PCS.

Winter Storm Uri rolled into Texas like nothing the state had ever seen before. Unprepared for such a freeze, the power grid shutdown.

A fourth insurer has gone belly-up in Hurricane Ida’s aftermath. Louisiana’s Department of Insurance took over Lighthouse Property Insurance Corporation in a court-ordered receivership last week, making it the fourth financially troubled insurer to require rescue in recent months.

Climate change made the record-smashing deadly 2020 Atlantic hurricane season noticeably wetter, a new study says. And it will likely make this season rainier, too, scientists said.

Pacific Gas & Electric, the nation’s largest utility, has agreed to pay more than $55 million to avoid criminal prosecution for two major wildfires sparked by its aging Northern California power lines and submit to five years of oversight in an attempt to prevent more deadly blazes.

Try this word game, but a couple of disclaimers first: It’s not supposed to be fun, and it could have a severe effect on your property value. ‘In general, the analysis approach for leveed areas was similar to that for non-leveed areas, however the leveed area analysis relied solely on KatRisk and MDI because it was not possible to adjust the AIR and CoreLogic models based on the USACE analysis described above.’

After a disaster, Louisianans are running into problems with their insurance companies sending dozens of adjusters to their case -- leading to major delays in support. Some legislation is looking to tackle that problem despite insurance companies raising objections.

A recent report by the U.N.’s Intergovernmental Panel on Climate Change (IPCC) emphasizes the importance of ‘near-term mitigation and adaptation actions’ to avoid the worst consequences of a warming world.

Failed insurance companies. Multi-billion dollar losses. Consumers on edge. Sound familiar? The last two years have dealt a punishing blow to Louisiana’s homeowners insurance market, much like the wave of hurricanes that rocked the Gulf Coast more than a decade ago.

The severe convective weather, thunderstorms, large hail and tornadoes that affected the United States this week is expected to aggregate to drive hundreds of millions of dollars in insured losses, according to Aon’s Impact Forecasting.

Louisiana’s governor declared a state of emergency on Wednesday after tornadoes sliced through the New Orleans area Tuesday night, lifting homes off their foundations, leaving thousands without power and killing at least one person.

Dr. Ted (Tetsuya) Fujita created a tornado damage scale in 1970 after the Lubbock, Texas tornado. The damage scale was divided into six categories where F0 corresponded with minor damage to houses with estimated winds of 40 - 72 mph (18 – 32 m/s) all the way up to F5 where strong frame houses were swept off their foundations in estimated winds of 261 - 318 mph (117 – 142 m/s).

The Intergovernmental Panel on Climate Change (IPCC) has been publishing assessment reports describing expected climate change impacts and risks since 1990 and has warned of the growing risks from climate change in each report.

Researchers have used artificial intelligence to predict where flood damage is likely to happen in the continental United States. The findings suggest that recent flood maps from the Federal Emergency Management Agency do not capture the full extent of flood risk.

Deaths related to flooding hit a five-year high in 2021 – the third-highest count since 2010 and the highest since 2017 – according to National Weather Service (NWS) data. Perhaps the saddest aspect of last year’s 145 fatalities is the fact that a majority were preventable.