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Warren Buffett’s Bet on Mild Florida Storm Season Faces Test With Hurricane Idalia
Aug 30 2023 // Berkshire Hathaway Inc. bet big earlier this year that Florida’s reinsurance market would deliver huge premiums with minimal losses. Hurricane Idalia is about to offer a test of that calculus, with months of...
What Is it About Named Storms That Start With the Letter ‘I’ ?
Aug 30 2023 // Floridians, Georgians and others in the path of Idalia are hoping that the hurricane won’t join the long list of destructive Atlantic Ocean storms whose names started with “I.” Since 1955, 13 Atlantic...
KCC Estimates Storm Hilary Caused Nearly $600M in Insured Losses
Aug 28 2023 // Catastrophe modeler Karen Clark & Co. said privately insured losses in the U.S. from Hurricane Hilary will be near $600 million. Once a Category 4 storm, Hurricane Hilary weakened to a tropical storm before it made...
Severe Storms and Tornado Cause Damage and Power Outages in Michigan, Leaving 5 Dead
Aug 28 2023 // CANTON TOWNSHIP, Mich. (AP) – At least one tornado touched down in Michigan as part of severe storms powered by winds of up to 75 mph (121 kph) that downed trees, tore roofs off buildings and killed five people while...
Tornado Cash Founders Charged by US in Money Laundering Scheme
Aug 25 2023 // Two founders of Tornado Cash, a cryptocurrency mixing service that has been under scrutiny by various US agencies for more than a year, were charged with helping launder more than $1 billion for clients that included a...
Miami-Dade Considers New Storm Protection Plan: Dunes, Mangroves and Barrier Gates
Aug 24 2023 // Local and federal officials have agreed to a plan to study new ways to protect much of Miami from rising seas and storm surge in the decades ahead, measures that could include dune reinforcements, extensive mangroves and...
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