Risk
Small Track Changes Drive $70B+ Swing in Milton Insured Loss Estimates
Insured losses from Hurricane Milton could sit anywhere within a $70-plus-billion range extending from $9 billion to $85 billion, experts from CoreLogic said yesterday afternoon, at least nine hours ...
Titan’s Former Lead Engineer Felt Pressured to Get Submersible Dive-Ready
The lead engineer for an experimental submersible that imploded en route to the wreck of the Titanic testified Monday that he felt pressured to get the vessel ready to dive and refused to pilot it ...
Study: E-bike and Powered Scooter Injuries Soar
Electric bike and powered scooter injuries surged between 2019 and 2022 by 293 percent and 88 percent, respectively, according to Columbia University's Mailman School of Public Health. The findings, ...
World’s Rivers Faced Driest Year in Three Decades in 2023
The UN weather agency is reporting that 2023 was the driest year in more than three decades for the world's rivers, as the record-hot year underpinned a drying up of water flows and contributed to ...
The Latest Hurricane Helene Insured Loss Estimates: Totals Move Higher
Early estimates of Hurricane Helene U.S. private insurance market losses in the $5 billion to $10 billion range have moved up higher in recent days, with Moody's RMS offering the latest estimates of ...
Where Are the Private Insurers? Analyses Highlight U.S. Flood Gap
Two new analyses—one from a risk modeler estimating insured damages from Hurricane Helene, and the other from a rating agency about flood insurance penetration and profitability—highlight the ...
AM Best: Temporary Extension Protects NFIP Through Hurricane Season, Private Flood Insurers Wary
Though the U.S. Congress has agreed to a short-term extension of the National Flood Insurance Plan (NFIP) in the wake of repeated hurricanes, any long-term solution to the troubled federal program ...
Hurricane Milton Ramping Up to Cat 5
The latest advisory from the National Hurricane Center indicates Hurricane Milton is rapidly intensifying and is expected to reach Category 5 later today. Current maximum sustained winds are 155 MPH, ...