Category:

Disaster & Management

Florida consumers ‘flabbergasted’ as property insurers push for double-digit rate hikes

Florida’s domestic property insurers reported a more than $1 billion underwriting loss for the first three quarters of 2020 and almost $500 million in negative net income, according to the Florida Office of Insurance Regulation.

Florida’s domestic property insurers reported a more than $1 billion underwriting loss for the first three quarters of 2020 and almost $500 million in negative net income, according to the Florida Office of Insurance Regulation.

Florida insurers requested 105 rate increases during the first ten months of 2020, Altmaier said. More than half of the increases that regulators approved were greater than 10%.

Florida insurers requested 105 rate increases during the first ten months of 2020, Altmaier said. More than half of the increases that regulators approved were greater than 10%.

Florida insurers requested 105 rate increases during the first ten months of 2020, Altmaier said. More than half of the increases that regulators approved were greater than 10%.
The rate increases in Florida, the third-largest property insurance market among U.S. states, are the highest in memory, according to some insurance agents and residents. One danger, they say, is that the new rates could make owning a home in Florida unaffordable.

Florida’s property insurance market, which collected $56.6 billion in premiums during 2019, is unique and covers complex risks including devastating hurricanes and the impact of climate change.

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Study: Smaller cars may be why crashes injure women more

Men and women crashed in minivans and SUVs in about equal proportions, the researchers found. But around 70% of women crashed in cars, compared with about 60% of men. And more than 20% of men crashed in pickups, compared with less than 5% of women.
Women were also much more likely to suffer leg injuries compared to men, which may require car safety researchers to start building crash test dummies that account more for the physical differences between women and men, the researchers noted.

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150 feared dead as Himalayan glacier breaks in Uttarakhand,NTPC’s Tapovan hydro project damaged

In a disaster alert issued here on Sunday to all the district magistrates in UP, the Relief Commissioner said in a statement, ‘Report of breaking of a part of Nandadevi Glacier in Uttarakhand has been received. The districts on the Ganga river (banks) need to be on a high alert and the monitoring of water level needs to be done 24×7. If required, the people need to be evacuated.’
The Tapovan Vishnugad power plant is a 520MW run-of-river project which is being constructed on Dhauliganga River in Chamoli District of Uttarakhand.

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Uttarakhand flood: 2019 study warned Himalayan glaciers melting at alarming speed

The 2019 study, spanning 40 years of satellite observations across India, China, Nepal and Bhutan, indicates that climate change is eating the Himalayas’ glaciers, the researchers said.

The study, published in the journal Science Advances in June 2019, shows that glaciers have been losing the equivalent of more than a vertical foot and half of ice each year since 2000 — double the amount of melting that took place from 1975 to 2000.

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More at risk of losing homes as climate change outpaces response, Fiji warns

Mami Mizutori, who leads the U.N. Office for Disaster Risk Reduction said globally, there had been a notable reduction in the loss of life caused by extreme weather events like storms and floods, as governments stepped up efforts over the past five years to evacuate millions of people to safer places. But the number of people affected by disasters remained “chronically high”, with displacement one of the harshest consequences, pushing many into crowded city slums or to other countries where they do not always get a friendly reception.

Only about 100 countries have so far put formal strategies in place to cut the risk of disasters, she said. Such plans can include things like early warning systems, stronger building codes and a ban on construction in flood-prone areas.

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