March 13, 2011 |
Japan's magnitude 9.0 earthquake could lead to insured-property losses of nearly $35 billion, making it one of the most expensive catastrophes in history, according to a risk-modeling analysis released Sunday by a U.S. consulting group. The insurance cost of the quake is nearly as much as the entire worldwide catastrophe loss for the global insurance industry in 2010 and could result in higher prices in the insurance market after years of declines, according to the analysis released by Boston-based AIR Worldwide.
April 7, 2010 |
This could be a big year for hurricanes, with four major storms predicted to hit the Atlantic basin in 2010. According to a forecast released by a team of Colorado State University researchers Wednesday, eight hurricanes could occur this year. Four of them could have winds exceeding 110 mph. The average is six per year. There's a 69% chance a major hurricane will hit the U.S. coastline and a 45% chance it will strike the East Coast, including the Florida peninsula. The team also predicted a 58% chance of a major storm entering the Caribbean.
August 6, 2012 |
Refinery and petroleum pipeline problems in the Midwest states led a rise in retail gasoline prices that pushed the national average for a gallon of regular past the $3.60 mark. Prices also rose in California, but by a much smaller amount. The national average for a gallon of regular gasoline is $3.619, up 13.3 cents over the past week, according to the AAA Fuel Gauge Report. The spike left the Midwest in the rare position of having fuel prices that are higher than California. Illinois residents are paying an average of $4.064 a gallon.
May 14, 2005 |
With the onset of the 2005 hurricane season little more than two weeks away, meteorologists Friday warned that conditions in the Atlantic again were ripe for spawning tropical storms that could slam into Florida or other parts of the Eastern U.S. or Gulf Coast with potentially devastating and deadly consequences.
May 27, 2009 |
Retail gasoline prices jumped by more than a dime over the last week in California and nationwide as oil rose to a new high for the year. But analysts had some reassuring words: Gas prices should be nearing their peak for the year, and a repeat of 2008's record run-up isn't anticipated. "It would take a geopolitical disaster, an earthquake or major hurricane damage to drive prices much higher than they are now," said Tom Kloza, chief oil analyst for the Oil Price Information Service in Wall, N.
September 2, 2005 |
AS commentators and public officials survey the morass of loss and desolation that once was a great American city called New Orleans, one of the words we hear and read over and over again is "unimaginable." In fact, the tragedy that this week destroyed a vibrant metropolitan area that was home to 1.4 million people and the city proper that was a national cultural treasure was not simply imagined but foreseen with a prescience that now seems eerily precise.
August 13, 2004 |
With a powerful hurricane whirling toward Florida's densely populated middle Gulf Coast on Thursday, authorities ordered the largest evacuation ever in the Tampa Bay area, telling hundreds of thousands of people to seek higher ground before Hurricane Charley storms ashore sometime today. The hurricane swept over Cuba late Thursday with high winds, a strong storm surge and heavy rain. As in Florida, many areas on the island were evacuated.
November 29, 2008 |
The 2008 Atlantic hurricane season, which ends Sunday, seemed to strike the United States and Cuba as if on redial, setting at least five weather records for persistence and repeatedly striking the same areas. "It was pretty relentless in a large number of big strikes," said Georgia Institute of Technology atmospheric sciences professor Judith Curry. "We just didn't have the huge monster where a lot of people lost their lives, but we had a lot of damage -- a lot of damage."
April 10, 2007 |
The conflicts in Iraq and Afghanistan have depleted the equipment inventory of the National Guard, potentially hampering its response to the predicted heavy hurricane season, Sen. Bill Nelson (D-Fla.) said Monday. The Florida National Guard has only 53% of the dual-use equipment it once had for responding to a storm or domestic disturbance, a recent analysis by the Government Accountability Office found.
September 4, 1996 |
Hurricane Fran roared along at 115 mph Tuesday night and its winds were expected to get even stronger as it aimed to make landfall somewhere in Georgia or South Carolina Thursday night. "Our best guess does have it making landfall anywhere between Savannah and Hilton Head," said James-Lewis Free, a research scientist with the National Hurricane Center in Miami. Fran was forecast to strengthen further into a deadly category 4 hurricane several hours before reaching land late Thursday, Free said.