Posts by Hometown Insurance
Katrina’s Legacy: Louisiana Fortifies Itself Against the Next Storm
When Hurricane Katrina made landfall in southern Louisiana 20 years ago, the region was ill-prepared for the 125 mph winds and catastrophic flooding that would follow. Louisiana, like the rest of the United States, was still adopting modern international building …
Read More US Farmers Are Pulling Back on Spending in Threat to Rural Economy
Sunny skies and mild temperatures this week greeted the biggest US farm show of the year. The contrast couldn’t be greater with the sentiment among attendees as low crop prices and trade tariffs squeeze the agricultural sector. The market for …
Read More A Texas Congressman is Quietly Helping Elon Musk Pitch Building $760M Tunnels Under Houston to Ease Flooding
The devastating flooding in Houston caused by Hurricane Harvey in 2017 killed dozens of people, inundated hundreds of thousands of homes and left the community desperate for a solution. Since then, local flood experts have extensively studied the possibility of …
Read More NOAA Develops Tool to Predict Hourly US Wildfire Hazards
Scientists at National Oceanic and Atmospheric Administration (NOAA)’s Global Systems Laboratory said it has developed an hourly assessment of wildfire potential across the U.S. The Boulder, Colorado-based lab’s Hourly Wildfire Potential (HWP) Index, in development since 2019, provides frequent updates …
Read More The Ghost of Hurricane Katrina Haunts Catastrophe Modelers
When Hurricane Katrina slammed into New Orleans in August 2005, causing greater insurance losses than any other natural disaster in history, it became clear that a lot of the city’s flood protection engineering — walls, pumps, levees — had failed. …
Read More After Fearsome Dust Storm Rips Phoenix Area, Trees Cleaned up And Power Restored
Crews cleaned up downed trees and got electricity mostly restored for thousands of people this week after a powerful dust storm roared through the Phoenix area. The wall of dust towering hundreds of feet high dwarfed the city’s neighborhoods. Called …
Read More California Jury Awards $2 M to Protester Shot in Face With Nonlethal Projectile
A jury has awarded at least $2.2 million to a protester who was shot in the face with a less-lethal munition by a Los Angeles sheriff’s deputy during a demonstration against police brutality in 2020. In the verdict last week, …
Read More Heavy Rain Causes Flooding, Landslides and Deaths in Vietnam and Thailand
Heavy rain caused flooding and landslides Wednesday in parts of Southeast Asia, where at least eight deaths were reported in the aftermath of a tropical storm. Flooding occurred in several northern and central provinces of Vietnam, where seven people died, …
Read More Kenya’s Britam Seeks More African Expansion After Imminent Congo Entry
Kenya’s biggest publicly traded insurer by market value is planning expansion in African nations with low insurance penetration to augment and diversify revenue. Britam Holdings Ltd., which already has operations in seven African nations, will mostly focus on acquisitions rather …
Read More Markets/Coverages: Liberty Mutual Re, Safehub Launch Parametric EQ Insurance Cover
Liberty Mutual Reinsurance (LM Re) and Safehub, a provider of seismic sensor and risk management technology, announced the launch of an earthquake parametric insurance solution, called “ShakeNet Parametric.” With capacity provided by LM Re and is triggered by the highest-resolution …
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