The flooding in South Carolina has been referred to as a once-in-a-1,000-year rain. It may sound like hyperbole, but it's actual science.» Read More
Hurricane Irene is expected to cause billions of dollars in damage in 14 states along the eastern U.S. seacoast, but property/casualty insurance companies are not expected to see much of a hit from damage claims.
With Hurricane Irene barreling towards the US Eastern Seaboard, the Fast traders turned their attention to the stormy weather and how to trade it.
See average annual homeowners insurance premiums in these states, as well as average windstorm insurance premiums from the least expensive to the most expensive.
Six years after Hurricane Katrina and countless subsequent disasters many are still questioning the effectiveness of the Federal Emergency Management Agency .
Insurers call windstorm coverage — including hurricanes, tornadoes, and hail — the "market of last resort," which comes with its own special rates applied to areas most prone to disaster.
This year has already been a record one for storm damage, with more severe weather of all kinds.
A not-so-small cottage industry is now built around disaster preparation. While it never hurts to be prepared, say experts, how much of this industry is actually playing into people’s fears?
To what degree a catastrophic event might be caused by climate change is impossible to measure at this stage, so global warming isn’t being directly priced into insurance premiums.
Companies like ServiceMaster, ServPro, Disaster Kleenup International and the Signature Group are ready to mobilize workers by the hundreds to respond to catastrophe for days and weeks on end.
Homeowner insurance costs and coverage vary widely state to state, forcing many consumers to navigate multiple policies and pay multiple premiums to cover one home.
New pipelines and high storage levels will combine to prevent a repeat of 2005 when hurricanes Katrina and Rita interrupted supply and prices spiked.
Wildfires that burn more than 100,000 acres—an even considered rare 30 years ago—are now the rule rather than the exception, according to a 2008 paper by the National Center for Policy analysis.
With the ever-growing encroachment of people into formerly rural, wildfire-prone areas you have the recipe for disaster — and a potential opportunity for businesses with products designed to help homeowners cope with the fires.
Private-sector meteorologists are selling customized weather data to a myriad of enterprises — from agriculture to construction to transportation .
A heat wave that spread from the Midwest to the Northeast tormented millions of people with blasts of 100-degree temperatures and bog-like humidity as blackouts struck neighborhoods and deaths were blamed on the hot weather.
If the scorching heat wave continues much longer, there could be an impact on the U.S. corn crop—and on consumer's wallets.
Farmers with the money and equipment to irrigate are running wells dry in an unseasonably early and particularly brutal national drought that some say could rival the Dust Bowl days. The pain has spread across 14 states, from Florida, where severe water restrictions are in place, to Arizona, the New York Times reports.
"In addition to the shock value...we need to seriously question whether a double dip is there. I would say it's back on the table," says one strategist.
Is water the next big investment idea? Australia is sure betting on it. The industry is valued at up to $27 billion in Australia, while last year alone over $3 billion in water rights were traded in the open market.
Corn futures are trading near all-time highs and look to climb even higher as the U.S. crop faces tight supplies and surging demand. Here's what it means for your wallet and for some agriculture stocks.