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Catastrophe

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  • March 4- A divided U.S. appeals court has rejected BP Plc's bid to block businesses from recovering money over the 2010 Gulf of Mexico oil spill, even if they could not trace their economic losses to the disaster.

  • March 3- A divided U.S. appeals court on Monday rejected BP Plc's bid to block businesses from recovering money over the 2010 Gulf of Mexico oil spill, even if they could not trace their economic losses to the disaster.

  • U.S. court rejects BP appeal over oil spill losses Monday, 3 Mar 2014 | 7:00 PM ET

    March 3- A divided U.S. appeals court on Monday rejected BP Plc's appeal of a ruling that allowed businesses to recover money over the 2010 Gulf of Mexico oil spill, even if they could not trace their economic losses to the disaster. By a 2-1 vote, the 5th U.S. Circuit Court of Appeals in New Orleans upheld a Dec. 24 ruling by U.S. District Judge Carl Barbier in New Orleans.

  • LOS ANGELES, March 1- California Governor Jerry Brown on Saturday signed into law a $687 million drought-relief package to deal with a water shortage he has called the worst in the state's modern history.

  • LOS ANGELES, March 1- California Governor Jerry Brown on Saturday signed into law a $687 million drought-relief package to deal with a water shortage he has called the worst in the state's modern history.

  • CARACAS, Feb 18- Venezuelan security forces arrested opposition leader Leopoldo Lopez on Tuesday on charges of fomenting unrest that has killed at least four people, bringing tens of thousands of angry supporters onto the streets of Caracas.

  • CARACAS, Feb 18- Tens of thousands of protesters flooded the streets of Venezuela's capital on Tuesday after troops arrested opposition leader Leopoldo Lopez on charges of fomenting unrest against the government and violence that has killed at least four people.

  • Four tips for managing catastrophic risk Friday, 14 Feb 2014 | 10:39 AM ET

    Companies can't just react to catastrophes like extreme weather or the financial crisis—they need to be proactive. Here are four tips.

  • SAO PAULO, Feb 13- Forecasters say widespread rains will finally enter the southernmost part of Brazil's coffee belt on Thursday evening, breaking a six-week dry spell, but the crop may already have suffered losses of up to 30 percent.

  • *Grain cargoes being shipped into Queensland. With a scorching drought withering pastures, farmers in Queensland state- home to half of Australia's 28 million strong herd- are also having to transport cows huge distances due to feedlots being full to bursting with underweight cows.

  • Japan's nuclear re-start stalled by paperwork Sunday, 9 Feb 2014 | 9:45 AM ET
    A masked protester stands in front of the gates to the Hinkley Point nuclear power station

    Hundreds of technicians and engineers are camped out in Tokyo hotels trying to revive Japan's nuclear industry.

  • TOKYO, Feb 9- Hundreds of technicians and engineers are camped out in Tokyo hotels trying to revive Japan's nuclear industry, shut down in the wake of the Fukushima disaster almost three years ago.

  • LOS ANGELES, Feb 5- Drought-stricken California farmers facing drastic cutbacks in irrigation water are expected to idle some 500,000 acres of cropland this year in a record production loss that could cause billions of dollars in economic damage, industry officials said.

  • Drought forces California farmers to idle cropland Wednesday, 5 Feb 2014 | 2:26 PM ET

    LOS ANGELES, Feb 5- Drought-stricken California farmers facing drastic cutbacks in irrigation water are expected to idle some 500,000 acres of cropland this year in a record production loss that could cause billions of dollars in economic damage, industry officials said.

  • UPDATE 2-Canada ice storm slams Intact Financial profit Wednesday, 5 Feb 2014 | 10:56 AM ET

    *Q4 operating profit C $1.05 per share vs est C $1.26. TORONTO, Feb 5- Intact Financial Corp, Canada's largest property and casualty insurer, reported a larger-than-expected drop in fourth-quarter profit as a winter ice storm hurt underwriting results.

  • UPDATE 1-Canada ice storm hits Intact Financial profit Wednesday, 5 Feb 2014 | 8:04 AM ET

    *Fourth-quarter operating profit C $1.05 per share vs est C $1.26. Feb 5- Intact Financial Corp, Canada's largest property and casualty insurer, reported a 40 percent drop in fourth-quarter profit, hurt by severe winter weather.

  • West Virginia Secretary of State Natalie Tennant said she would be asking senators for a 10- year study into the effects of the Jan. 9 spill into the Elk River near Charleston, the state capital.

  • NEW YORK/ LONDON, Feb 3- ICE arabica coffee futures shot to an 8-1/ 2- month high on Monday and were on track for their biggest one-day gain in over a year as a heat wave in Brazil sparked fears of crop damage and lower output in the world's top grower, triggering short-covering.

  • SEOUL, Jan 29- South Korea approved on Wednesday a $7 billion project to build two nuclear plants, a boost for an industry struggling to emerge from the shadow of Japan's Fukushima disaster and the first approval since a policy review sparked by a safety scandal at domestic reactors.

  • LONDON, Jan 27- In the event of a mass-casualty accident involving the derailment of a crude-carrying train in a densely populated urban area, who would be responsible for the compensation for deaths, injuries, damage to property and environmental clean up?