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Estimate of Losses From Devastating Hawaii Wildfires Increases to $14B-$16B
Aug 14 2023 // AccuWeather increased its estimate of the total damage and economic loss from the devastating wildfires burning in Hawaii to $14 to $16 billion. The update follows AccuWeather’s preliminary estimate last week of...
Japan Faces Another Typhoon With Trains, Hundreds of Flights Canceled
Aug 14 2023 // Japan is preparing for its second typhoon in a week, with airline companies canceling flights and rail operators halting some operations. Typhoon Lan is forecast to make landfall Tuesday in central Japan near Osaka, the...
NOAA Increases Prediction for Atlantic Hurricane Season to “Above-Normal”
Aug 11 2023 // The National Oceanic and Atmospheric Administration is increasing its prediction for the ongoing 2023 Atlantic hurricane season to “above-normal” activity. Warmer-than-normal sea surface temperatures across...
AccuWeather: Damage and Economic Loss from Wildfires in Hawaii $8B to $10B
Aug 10 2023 // AccuWeather’s preliminarily estimate of the total damage and economic loss from the wildfires burning in Hawaii is from $8 billion to 10 billion. The worst of the fires hit the Island of Maui, with the Lahaina area...
Liberty Mutual Posts Q2 Loss of $585M Driven By Catastrophes
Aug 10 2023 // Liberty Mutual Holding Co. reported a second-quarter net loss of $585 million, driven by catastrophe losses of about $2.27 billion. Tim Sweeney, president and CEO, said weather losses were primarily from widespread wind...
Catastrophe Bond Funds Ranked Among 2023’s Top-Performing Credit Funds
Aug 10 2023 // Catastrophe bond funds rank among the 10 best performing credit funds this year, as the hurricanes, earthquakes and other disasters that could trigger payouts have either not happened or not been sufficiently severe. The...
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