Risk
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, ...
Climate Change at Forefront of U.S. Presidential Campaign After Hurricane Helene
The devastation wrought by Hurricane Helene has brought climate change to the forefront of the presidential campaign after the issue lingered on the margins for months. Vice President Kamala Harris ...Florida Communities Hit Repeatedly by Hurricanes Grapple With Whether to Rebuild
It was just a month ago that Brooke Hiers left the state-issued emergency trailer where her family had lived since Hurricane Idalia slammed into her Gulf Coast fishing village of Horseshoe Beach in ...
Hurricane Helene Exposes Federal Assistance Gap in Appalachian Areas
As residents of western North Carolina piece together their lives following Hurricane Helene, few will be able to rely on federal flood insurance to help them rebuild. Roughly 1 in 200 single-family ...