Lori Willman was at home on a Sunday in June 2010 when someone from the sheriff’s department knocked on her door. A fire had started in the Coconino National Forest and everyone in Willman’s neighborhood, the Timberline Estates north of Flagstaff, needed to evacuate.

The PwC Insurance Banana Skins 2021 survey shows that cybercrime is ranked as the number one risk by carriers globally, while climate change tops the list for reinsurers amid a rise in natural catastrophe events.

Catastrophe insurance plays a vital role in helping protect businesses and households from financial losses incurred from natural calamities, including earthquakes, floods, hurricanes, and wildfires, as well as man-made disasters such as explosions and terrorist attacks.

This summer brought a surge of natural disasters across the U.S. One in three Americans experienced a natural disaster this summer, according to The Washington Post.

In 2020, catastrophic weather, including severe wildfires, seven major hurricanes and a destructive derecho drove the proportion of catastrophe losses up 40% from 2019.

Climate change does not stop being a threat to major cities in the United States. Scientists around the world have already warned that if a series of actions are not taken into account to reduce the burning of fossil fuels by the year 2100, the planet will face a sea â€,â€,level rise between 4.3 and 9.9 meters.

Thousands of Louisianans seeking federally provided travel-trailers may have to wait months longer, FEMA’s top official said Monday. The Federal Emergency Management Administration has identified about 3,000 people who will qualify to get the trailers, Administrator Deanne Criswell said.

The sixth iteration of LexisNexis’s annual ‘Home Trends Report’ paints a troubling picture for the US homeowners’ insurance market, thanks to worsening catastrophic events.

This has been a rough year for homeowners. An ice storm in the Plains states left millions with burst water pipes and without power. California is dealing with a drought that will only create more tinder for its already epic wildfires.

The insurance and reinsurance industry should anticipate a long-run annual average bill of approximately $106 billion from global catastrophe events, according to analysis by catastrophe risk modeller, AIR Worldwide.

Beginning Monday, insurers can resume the process of canceling or non-renewing coverage for policyholders in southeast Louisiana after the state’s top insurance regulator opted not to extend emergency protections issued ahead of Hurricane Ida.

What does it mean for economies, governments and communities when ‘once in a lifetime’ weather events begin to occur on an annual basis? We are witnessing an entirely new scale of natural disasters across the world.

Spectacularly costly disasters are our new normal. Major hurricanes are devastating coastal communities and bringing flooding thousands of miles inland. Wildfires are burning for months. Heatwaves are scorching places where people don’t have air conditioning.

As a massive investment to repair roads and adapt to climate change faces an uncertain fate in Congress, a new report finds much of the country’s infrastructure is already at risk of being shut down by flooding.

Hurricane Ida made landfall on Sunday, Aug. 29, 2021, near Port Fourchon, Louisiana as a powerful Category 4 hurricane with maximum sustained winds of near 150 miles per hour. High winds, wind damage, storm-surge flooding, and flash floods occurred in many areas.