When Hurricane Helene brought severe flooding to western North Carolina, many homeowners faced devastating losses—only 3 percent had flood insurance.
Tag: flooding
Heavy Rains Cause Major Flooding Across Southeast Georgia
Heavy rains inundated parts of southeast Georgia on Thursday, leading to significant flooding and causing the closure of a major section of Interstate 16.
Pricier Insurance Makes Sense as Climate Risk Grows, Chubb CEO Says
Surging insurance premiums in regions vulnerable to climate change make sense, and government efforts to hold back those increases won’t work in the long term, Chubb Chief Executive Evan Greenberg said.
U.S. SCS Activity in April Could Drive Hundreds of Millions or Higher of Insured Losses: Aon
Flooding and severe convective storm (SCS) activity across the central and southern US between April 6th and 11th caused some notable property damage, with total economic and insured losses potentially in the hundreds of millions of dollars or higher, according to insurance and reinsurance broker Aon.
Severe Weather Hits Many Parts of the Country
A blockbuster storm with heavy rain and powerful winds sparked tornadoes across the South on Tuesday − ripping roofs off buildings, toppling trees and blowing over RVs − after the system roared across the Midwest with blizzard conditions en route to the Northeast.
A Punishing Year of Thunderstorms Has Led to Record-Breaking Losses
Thunderstorms this year have battered the U.S. as never before, forcing businesses and insurers to grapple with record-setting levels of damage more typically found with hurricanes.
Aon: Record $50B U.S. Severe Convective Storm Losses Drive Total Natural Catastrophe Toll in 2023
For the first time, insured losses from SCS in the U.S. surpassed $50 billion and accounted for 60% of global insured losses.
Record Number of Billion-Dollar Disasters Shows the Limits of America’s Defenses
The United States has suffered 23 billion-dollar disasters so far in 2023, a record for this point in the year that highlights the country’s struggle to adapt to the effects of climate change.
Florida’s Gulf Coast Begins Cleanup from Hurricane Idalia
Cleanup and recovery from Hurricane Idalia began on Thursday along Florida’s Gulf Coast, where property damage, loss of life and power disruptions paled in comparison to the last major hurricane that struck the state nearly a year ago.
Hurricane Idalia Makes Landfall in Florida
Hurricane Idalia’s damaging winds moved inland through northern Florida early Wednesday as a catastrophic storm surge washed through the coastal Big Bend region.