Risk
Insured Maui Fire Losses at Least $2.5B; Small Insurers Most at Risk
Moody's RMS estimates $4-6 billion in economic losses from the recent Lahaina Conflagration and Kula wildfires in Hawaii, the catastrophe risk modeler said yesterday, estimating insured losses at ...
Severe Weather Set to Boost U.S. Disaster Funding Needs, FEMA Says
Growing extreme-weather risks mean President Joe Biden's expected request for billions in extra disaster-relief funding might not be enough for the next fiscal year, FEMA head Deanne Criswell said. ...
FAA to Hold Runway Safety Meetings After Near Misses
The U.S. Federal Aviation Administration said on Tuesday it will hold runway safety meetings at 90 airports over the next few weeks after a series of troubling close-call aviation incidents. Earlier ...
Maui Fire Lays Bare Utility Missteps Mirrored Across the Country
When flames ripped through the drought-parched town of Paradise in 2018, destroying homes and killing 85 in California's deadliest-ever wildfire, it was a wake-up call to power companies across the ...
Top 10 Driver Distractions: Survey
Selecting music, checking directions and talking with passengers are the top three driver distractions according to a survey conducted by Assurance, an InsurTech subsidiary of Prudential Financial. ...
FEMA Has Paid $5.6M to Maui Wildfire Survivors to Date
The Federal Emergency Management Agency said Friday it has approved more than $5.6 million in assistance to nearly 2,000 households in Maui so far as the federal government tries to help survivors of ...
Hilary’s Rains Reach California
Tropical Storm Hilary made landfall along the Baja peninsula Sunday, with the rare Pacific storm set to pummel Northern Mexico, Southern California and the U.S. Southwest with torrential rains and ...
Data Suggests Increasing Weather Catastrophes in Hawaii
Hurricane-fueled flash floods and mudslides. Lava that creeps into neighborhoods. Fierce drought that materializes in a flash and lingers. Earthquakes. And now, deadly fires that burn block after ...