Catastrophe & Restoration

Florida representatives are introducing a new bill that would allow private flood insurers to enter the marketplace and are proposing extension to the Homeowner Flood Insurance Affordability Act.

Lloyd's created a hypothetical scenario involving hackers implanting malware on 50 generators in the northeastern United States. It's going to be expensive.

Hurricanes are feared storms for good reasons. And, with winds that can exceed 155 miles per hour, the damage they leave in their wake can be staggering.

The El Nino forming across the Pacific has been turbocharged by a series of tropical cyclones that helped to shift the direction of trade winds, potentially adding to warming thats evoking parallels with the record 1997-98 event.

The bulk of the money from BPs record settlement will go to the five states along the Gulf of Mexico whose shores were blackened in the 2010 oil spill.

BP will pay a record $18.7 billion to resolve claims by the U.S. and five states along the Gulf of Mexico related to the 2010 oil spill.