Severe U.K. winter floods and storms will cost insurers around £1.2 billion ($2.0 billion), but the hit to the sector's earnings could be "limited".» Read More
Richard Holt, regional economist at Capital Economics, discusses the economic impact of the severe floods that have hit the U.K.
Jeremy Haynes, insurance partner at Deloitte, says that if the flooding in the U.K. continues, the costs to insurers could surpass $1 billion.
A law that was designed to curb deficits in the national flood insurance program is now the target of repeals.
*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.
*Storm kills two in Britain, one in Denmark. BERLIN/ LONDON Dec 5- Hurricane-force Storm Xaver blasted towards mainland Europe on Thursday after cutting transport and power in northern Britain and killing three people in what meteorologists warned could be the worst storm to hit the continent in years.
The Joplin tornado, late on a Sunday afternoon, damaged more than 8,000 homes and other buildings. About 82 percent of Joplin homes do not have basements because of soil conditions.
DUBAI, Nov 21- The Dubai Airshow was closed on Thursday after heavy winds and rain hit the region overnight. A spokesman for the U.S. Air Force said there was no damage to the 12 U.S. aircraft that were on display as U.S. officials had moved the aircraft late on Wednesday to a nearby maintenance facility in anticipation of the storm.
*Japan waters down CO2 emissions target after Fukushima. TOKYO/ WARSAW, Nov 15- China, the EU and environmentalists criticised Japan at U.N. climate talks on Friday for slashing its greenhouse gas emissions target after its nuclear power industry was shuttered by the Fukushima disaster.
TOKYO/ WARSAW, Nov 15- China, the EU and campaign groups criticised Japan at U.N. climate talks on Friday after Tokyo slashed its target to cut greenhouse gas emissions, blaming its shuttered nuclear power industry in the wake of the Fukushima disaster.
Nov 11- In the aftermath of the super typhoon that hit the Philippines on Saturday, international relief agencies were ramping up donation appeals.
TACLOBAN, Philippines, Nov 10- One of the most powerful storms recorded killed at least 10,000 people in the central Philippines, a senior police official said on Sunday, with huge waves sweeping away entire coastal villages and devastating the region's main city.
*Typhoon crossing South China Sea, heading for Vietnam. *At least 1,200 dead, says Red Cross.
*Typhoon crossing South China Sea, heading for Vietnam. TACLOBAN, Philippines, Nov 9- One of the strongest typhoons ever to make landfall churned through the Philippine archipelago in a straight line from east to west and devastated central provinces, killing at least 100 people in a surge of flood water, officials said on Saturday.
*Typhoon barrelling out of the Philippines, heading for Vietnam. The toll of death and damage from Typhoon Haiyan on Friday is expected to rise sharply as rescue workers and soldiers reach areas cut off by the massive, fast-moving storm, now barrelling out of the Philippines towards Vietnam.
The toll of death and damage is expected to rise sharply as rescue workers and soldiers reach areas cut off by the massive storm, now barrelling out of the Philippines towards Vietnam.
MANILA, Nov 9- Typhoon Haiyan, possibly the strongest storm ever to hit land, was barrelling out of the Philippines on Saturday after it flattened houses, triggered landslides and floods and knocked out power and communications across a number of islands.
MANILA, Nov 8- The strongest typhoon in the world this year and possibly the most powerful ever to hit land smashed into the Philippines on Friday, forcing more than a million people to flee, flooding villages and raising fears of widespread casualties.
*Catastrophe losses fall 37 percent to $128 million. Oct 30- Allstate Corp, the largest publicly traded home and auto insurer in the United States, reported a higher-than-expected quarterly operating profit as fewer natural disasters helped it earn more premiums.
The former Hurricane Sandy made landfall on the U.S. East Coast on the night of Oct. 29, 2012, killing 158 people in the United States as surging seawater inundated low-lying areas, mostly in New York, New Jersey and Connecticut.
SEASIDE PARK, N.J./ NEW YORK, Oct 29- A year after Superstorm Sandy inundated the East Coast with record flooding that left 159 people dead, residents of hard-hit New Jersey and New York shore communities still have a ways to go in rebuilding damaged homes.