State money to mitigate storm hit to Houston budget
Houston dodged a blow to its fiscal 2025 budget when Texas officials Wednesday freed up state funds to assist pay town’s share of costs to remove debris created by two…
Posts Tagged: storm
Tropical storm Debby forecast for hurricane strength landfall in Florida
Tropical storm Debby has develop into the fourth named storm of the 2024 Atlantic hurricane season, with forecasts predicting intensification while over the Gulf of Mexico and that a hurricane…
Tropical depression 4 expected to grow to be tropical storm Debby near Florida
Over night Invest, or investigative area, 97L developed into tropical depression 4 and is now expected to turn into the fourth tropical storm of the 2024 Atlantic hurricane season, with…
Invest 97L watched for potential to grow to be tropical storm Debby near Florida
The industry is closely watching Invest, or investigative area, 97L for possible development this weekend into the fourth tropical storm of the 2024 Atlantic hurricane season, with what could possibly…
Not every risk transfer instrument designed to trigger for each storm: Jamaica MoF
While Jamaica won’t receive a payout from its catastrophe bond after hurricane Beryl passed near the island but was not intense enough, or a direct hit, to activate that structure’s…
Heritage secures recent $100m Citrus Re named storm catastrophe bond – FinaPress
Heritage Insurance Holdings, Inc., the nationally expansive and Florida headquartered property and casualty insurer, has now secured its goal for $100 million in collateralized US named storm reinsurance from a…
Heritage secures recent $100m Citrus Re named storm catastrophe bond
Heritage Insurance Holdings, Inc., the nationally expansive and Florida headquartered property and casualty insurer, has now secured its goal for $100 million in collateralized US named storm reinsurance from a…
2024 US convective storm season already breaking hail records: CoreLogic
In accordance with data, analytics and modelling firm CoreLogic, the 2024 severe and convective weather season in the USA is already breaking records for hail, with a recent event outstripping…
Devon Energy reports lower profit, sees production hit from winter storm – FinaPress
(Reuters) -U.S. shale producer Devon Energy reported a fall in fourth-quarter profit on Tuesday, hurt by lower oil and gas prices and forecast a 2% impact in first-quarter production resulting…
Storm pummels California, testing its infrastructure
A four-day atmospheric river-fueled storm that walloped California caused estimated damages of as much as $11 billion and put the state’s aging infrastructure to the test. The preliminary damage estimate…