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In a report to the California Legislature, the State Auditor’s Office said that regulators had approved ”[seriously] deficient” plans, including from the Pacific Gas and Electric Corp.
Some insurance policies kick in as a result of war, while others do not cover war, making exposures hard to calculate. Policyholders have notified insurers of likely claims but have yet to file them.
After major European commercial insurers reported strong profits in 2021, insurer earnings are likely to reach a high in 2023 and deteriorate thereafter.
The powerful earthquake that jolted Japan’s northeast coast last week is expected to cause insured property losses of between $2 billion and $4 billion.
Hard reinsurance market conditions are diminishing but are strong enough to offset surging risks from economic inflation and financial market volatility.
Waterfront homes are selling within days of going on the market, and the same story is playing out all along the South Florida coast at a time when scientific reports are warning about the rising risks of coastal flooding as the planet warms.
Certain meteorological conditions may pose threats to life and property. Under these conditions, the National Weather Service (NWS) issues advisories, weather watches and weather warnings.
Another center of tornado activity in the Southeast, centered around Alabama, has emerged in conjunction with a notable decrease in both the total number of tornadoes and days with tornadoes in the traditional Tornado Alley of the central plains.
More than 210 degrees Fahrenheit separates the highest and the lowest temperatures on record in the United States, the third-largest country in the world.
A wildfire south of Boulder that forced nearly 20,000 people to flee was listed at 35% contained by Sunday afternoon and most evacuations had been lifted.
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