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.
November 30, 2012 |
This year's hurricane season - which officially comes to a close Friday - has proved to be one of the most active on record, with Hurricane Isaac and super storm Sandy wreaking havoc on two coastlines, although both storms, technically, did not meet the definition of "major" hurricanes. “This year proved that it's wrong to think that only major hurricanes can ruin lives and impact local economies,” said Laura Furgione, acting director of the National Weather Service. This season ranks third among the most active since record-keeping began in 1851 with 19 named storms, 10 of them hurricanes - although only one, Michael, was strong enough to be considered a "major" hurricane - and it never made landfall.
October 29, 2012 |
Quick, what do Lisbon and New York have in common? Well, sure, they're both cities. But before a great earthquake, tsunami and fire consumed it in 1755, Lisbon, like New York today, was one of the world's leading cities. Which is why I couldn't help thinking of Lisbon while taking in the coverage Monday of Hurricane Sandy as it swept ashore on the East Coast. Lisbon was brought down by natural disasters in 1755; it never recovered its former glory and power.
December 29, 2005 |
More than three years before Hurricane Katrina ravaged New Orleans, newspaper reporters Mark Schleifstein and John McQuaid wrote a series that predicted what would happen when the city took a direct hit from a major hurricane. "Hundreds of thousands would be left homeless and it would take months to dry out the area and begin to make it livable," one of the stories in the New Orleans Times-Picayune said. "But there wouldn't be much for residents to come home to.
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.
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."