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A gathering storm in the Gulf of Mexico that's already flooding New Orleans could grow into a hurricane before slamming into Louisiana this week, drenching the region with as much as a foot of rain. ...
Hurricane Michael will probably end up causing at least $25 billion in economic losses. About $3 billion of that will fall on the federal flood insurance program and private insurers may get hit with ...
Federal Emergency Management Agency Administrator Brock Long angrily criticized the failure of citizens to heed evacuation warnings and leaders to better prepare for natural disasters such as ...
Hurricane Michael is expected to inflict up to $4.5 billion in insured losses on coastal and inland Florida, according to a report from Standard & Poor's. But while the hurricane will be costly ...
About 57,000 Florida homes were at risk from a coastal storm surge as Hurricane Michael approached the United States on Tuesday, and a number of insurers face potential liabilities from the storm. ...
The National Flood Insurance Program, private flood insurance carriers and auto insurance writers will likely deal with the bulk of insured losses from Hurricane Florence, Fitch Ratings said in a new ...
Catastrophe-bond investors are trying to assess the potential fallout from Hurricane Florence and whether they're in store for painful losses. If the storm's path of destruction -- which is aimed at ...
Leave it to catastrophe bonds to be among the most well-functioning debt markets out there. Issuance of "cat bonds" has climbed to more than $11 billion this year, about the same as this time in ...
Florence was slightly weakened but not unbowed as it continued to barrel toward the U.S. East Coast on Tuesday, with forecasters saying they expect the storm to re-strengthen to near Category 5 ...
Gordon was rapidly weakening to a tropical depression after coming ashore near the Alabama-Mississippi border late Tuesday and killing at least one person while knocking out power to thousands. The ...
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