×

CNBC Utilities Page Catastrophe

  • Firefighters work to extinguish the Thomas Fire as it burns past the 101 Highway towards the Pacific Coast Highway in Ventura, California, December 7, 2017.

    Firefighters continue to battle intense wildfires in California that have destroyed hundreds of structures and chased 190,000 people from their homes.

  • A firefighter walks near a swimming pool as a home is in flames from the Skirball fire along Linda Flora Drive on December 6, 2017 in Bel-Air, California.

    Despite a disastrous year for fires in California, insurers may not find it easy to pass through big rate hikes next year.

  • Next on | The Job Interview: TFS Investments

    TFS Investments is a California-based real estate investment firm looking to hire a personal assistant for its demanding CEO. Who will get the power to pencil in and who will get erased? All New The Job Interview Wednesdays 10P ET/PT

  • LOS ANGELES, Dec 7- Hot, dry Santa Ana winds will likely whip up the unseasonably fierce wildfires ravaging Southern California on Thursday, forecasters said. "There is no fire season anymore," said California Department of Forestry and Fire Protection spokesman Scott McLain, adding that this was particularly true in Southern California. In Ventura County, the...

  • Vehicles pass beside a wall of flames on the 101 highway as it reaches the coast during the Thomas wildfire near Ventura, California on December 6, 2017.

    Further evacuations were ordered Thursday across the Los Angeles metropolitan area as multiple wildfires continue to rage uncontrolled.

  • LOS ANGELES, Dec 6- A wind-whipped wildfire raged on Wednesday into a wealthy Southern California neighborhood, destroying at least six homes, threatening hundreds more and scorching a building at a winery owned by billionaire media mogul Rupert Murdoch. The so-called Skirball Fire, which erupted early on Wednesday as the latest in a rash of major blazes...

  • LOS ANGELES, Dec 6- A wind-whipped wildfire raged on Wednesday into a wealthy Southern California neighborhood, destroying at least six homes, threatening hundreds more and scorching a building at a winery owned by billionaire media mogul Rupert Murdoch. The so-called Skirball Fire, which erupted early on Wednesday morning as the latest in a rash of major...

  • A firefighter battles a wildfire as it burns along a hillside near homes in Santa Paula, California, on December 5, 2017.

    Wildfires in Southern California have caused crop damage, the loss of farm structures and business interruptions.

  • SACRAMENTO, Calif.— The wildfires that ravaged Northern California wine country two months ago have generated $9 billion in insurance claims, far more than the single costliest fire in U.S. history, officials said Wednesday. A 1991 fire in Oakland Hills is the costliest single fire in U.S. history, prompting $2.7 billion in claims in today's dollars, according to...

  • Next on | The Profit: Monica Potter

    Monica Potter, of the hit television series Parenthood, started a home goods store near her family in rural Ohio. She doesn’t have time to run the store herself, but can’t relinquish control to any of her employees. If Marcus can't create order amongst all this chaos, the brand may vanish forever. All New The Profit Tuesdays 10P ET/PT

  • The Skirball Fire burns hillside, closing lanes on 405 North near Getty Center, threatening homes

    Several growing wildfires near Los Angeles are threatening thousands of homes, forcing residents to evacuate.

  • Thousands flee out of control wildfire north of Los Angeles

    A rapidly growing wildfire in the foothills north of Los Angeles threatened thousands of homes on Monday, officials said.

  • Ventura County Fire Chief Mark Lorenzen updates press on the Thomas Fire

    The Thomas Fire north of Los Angeles has burned 45,000 acres, 150 structures and forced 27,000 people to flee their homes.

  • Embers blow from a tree shortly before it fell down near burned cars as strong winds push the Thomas Fire across thousands of acres near Santa Paula, California, U.S., December 5, 2017.

    A rapidly growing wildfire in the foothills north of Los Angeles had burned 150 structures, officials said Tuesday.

  • A Puerto Rico Electric and Power Authority brigade work in a remote off-road location to repair a downed power transmission line in Ponce, Puerto Rico on November 29, 2017.

    Puerto Rico must repay some of its debt, even as it struggles to rebuild, financial oversight and management board chairman Jose Carrion said.

  • KARANGASEM, Indonesia— Gushing ash from Bali's Mount Agung volcano has dissipated into a wispy plume of steam, and Australian airlines that canceled some flights to the Indonesian resort island on the weekend have returned to near-normal schedules. Indonesia's disaster mitigation agency said Monday the volcano remains at its highest alert level but most...

  • WASHINGTON, Dec 1- The U.S. Environmental Protection Agency said on Friday it would not act on a proposal to require hardrock mining companies to show they can afford to clean up their sites. EPA is confident that modern industry practices, along with existing state and federal requirements address risks from operating hardrock mining facilities, EPA...

  • *Flights start resuming at Bali airport- flight trackers. DENPASAR, Indonesia, Nov 29- The airport on the Indonesian holiday island of Bali reopened on Wednesday as wind blew away ash spewed out by a volcano, giving airlines a window to get tourists out while authorities stepped up efforts to get thousands of villagers to move to safety. Operations at the airport-...

  • KARANGASEM, Indonesia, Nov 28- Indonesia kept the airport on Bali closed on Tuesday as ash from an erupting volcano swept the holiday island, leaving thousands of tourists stranded, and authorities tried to persuade villagers living near the crater to leave their homes. The airport- the second-biggest in Indonesia- will be closed at least until 7 a.m. on Wednesday,...

  • KARANGASEM, Indonesia, Nov 28- Indonesia kept the airport on Bali closed on Tuesday as ash from an erupting volcano swept the holiday island, leaving thousands of tourists stranded as authorities tried to persuade villagers living nearby to leave their homes. The airport- the second-biggest in Indonesia- will be closed at least until 7 a.m. on Wednesday, the...