Currently viewing the tag: "storm"
The Atlantic Ocean could produce more “major” hurricanes this year than it did in 2012, according to a company that provides weather forecasts for corporate clients.
In an early hurricane forecast released Thursday, ImpactWeather Inc. predicted that 2013 will see two to four major hurricanes, which the company defines as category 3 or greater, meaning [...]
Hurricane Sandy is estimated to cost The Travelers Cos. $650 million after the company accounts for tax and reinsurance.
Reinsurance is insurance for insurers, covering insured costs if the dollar amount reaches a certain level.
Hurricane Sandy damaged or destroyed about 230,000 vehicles, according to an analysis of insurance claims filed as of last week.
Most of those were in New York and — 130,000 automobiles — followed by New Jersey, which had about 60,000 insurance claims for vehicles, according to the National Insurance Crime Bureau and the Insurance Services [...]
Climate change increased the number of hurricanes, tornadoes and other weather-related catastrophes by nearly five times in North America during the past 30 years, according to research published Wednesday by the world’s largest reinsurer, Munich Re.
The German reinsurer said that “nowhere in the world is the rising number of natural catastrophes more evident than [...]
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