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Tag: disasters
Major Natural Disasters Cost U.S. $165 Billion Last Year—Here Are The Priciest Weather Events
Topline Large-scale weather and climate disasters totaling at least $1 billion in losses cost the U.S. an estimated $165 billion in 2022, according to data released Tuesday by the National Oceanic and...
Industry seeks solutions for NFT image-hosting disasters
The image-hosting aspect of nonfungible tokens is in need of major improvements. First, people saw NFTs on FTX break after it declared bankruptcy. More recently, NFTs on the marketplace Magic Eden sho...
Tough year for crypto: the disasters of 2022
Cryptocurrency has come a long way since the emergence of Bitcoin in 2009. While it has gained widespread adoption and recognition, the crypto market has also witnessed several major disasters since. ...
How Southwest Airlines Melted Down
When Southwest Airlines Co. reassigns crews after flight disruptions, it typically relies on a system called SkySolver. This Christmas, SkySolver not only didn’t solve much, it also helped create the ...
The Market’s 5 Biggest Disasters In 2022
Coinbase leads the list of this year’s list of stock-market disasters. (Photo by Chesnot) Getty Images CoinbaseCOIN leads the list of this year’s list of stock-market disasters. Here are the stocks do...
Which states have had the most major climate disasters since 2011?
Ninety percent of counties across the U.S. have experienced a flood, wildfire, hurricane or other federally declared climate disaster between 2011 and 2021, according to a report published Wednesday t...
Binance Takeover of FTX Is a Huge Red Flag for Crypto
One of the most dangerous moments in any hurricane is when the eye passes. Gale winds give way to calm, tempting those hunkering down to come out and assess the damage only to find that more of the st...
New England Risks Winter Blackouts as Gas Supplies Tighten
Listen to article (2 minutes) New England power producers are preparing for potential strain on the grid this winter as a surge in natural-gas demand abroad threatens to reduce supplies they need to g...
Opinion: Florida’s insurance rates have almost doubled over five years, yet insurance companies are still losing money — and the reason is more insidious than hurricanes
Hurricane risk might seem like the obvious problem, but there is a more insidious driver in this financial train wreck. Finance professor Shahid Hamid, who directs the Laboratory for Insurance at Flor...
In Hurricane Ian’s Wake, Insurers and Homeowners Gear Up for Coverage Fights
Litigation is looming for home insurers in Florida as cash-strapped, underinsured homeowners—paired with an aggressive plaintiffs’ bar—are expected to turn to the court system to try to force payments...
If Hurricane Ian destroyed your home, take these critical first steps for disaster relief and insurance
The full financial and human price of Hurricane Ian’s destruction is still unknown, days after it lashed Florida, and now with the Carolinas fresh off its wrath. But even with the immediate search-and...
Flood Insurance Fell in Florida Before Hurricane Ian Struck
SANFORD, Fla.—Florida homeowners had reduced their flood insurance coverage in the years before Hurricane Ian dumped up to 15 inches of rain on the state, inundating coastal and inland areas. Only a s...
Ford Seeks New Trial After $1.7 Billion Jury Verdict in Truck Rollover Lawsuit
Listen to article (1 minute) Ford Motor is asking a Georgia court for a new trial, after a jury reached a $1.7 billion verdict against the auto maker last month involving a truck rollover accident tha...
Solar Panels Don’t Power Your Home and Other Insights From an Energy CEO
Text size Generac stock is down 51% year to date. Andreas Rentz/Getty Images Powering a home is getting more complicated as outages rise and options—such as solar panels, generators, and batteries—pro...
Elon Musk Has a Solution for the Energy Grid. And He’s Probably Right.
Text size Tesla sells more than just cars. It sells battery storage solutions to utilities around the globe. Melissa Sue Gerrits/Getty Images Heat, climate change, renewable power, and the grid are al...
EU’s Energy Plan Beats Inaction
A perfect storm has hit European energy markets, pushing leaders to intervene. It isn’t all bad news for investors. The confluence of extreme summer heat, dwindling Russian gas deliveries, unplanned o...
Ford Faces $1.7 Billion Verdict in Fatal Rollover of F-250 Pickup
Ford Motor is facing a potential $1.7 billion in punitive damages after a Georgia jury reached a verdict Friday in a case involving a 2014 rollover of a Ford F-250 pickup truck that left two people de...
How Generac Thrives Amid Grid Blackouts And Natural Disasters
Unsatisfied with an 80% market share in the home generator business, CEO Aaron Jagdfeld has big ideas for home microgrids. In 2008, things were looking grim for Generac. The 49-year-old firm, which ma...
Boeing Clears Hurdle for Resuming 787 Dreamliner Deliveries
U.S. air-safety regulators signed off on a Boeing plan aimed at addressing problems with the 787 Dreamliner, a major step before the company restarts deliveries of the aircraft, according to people fa...
Sesame Solar is selling clean-energy nanogrids for disasters
Michigan-based startup Sesame Solar is producing what it deems the world’s first fully-renewable mobile nanogrid for natural disaster relief. Its units can be used as mobile communications and c...
Boeing Changes Will Make Planes Safer, Executive Says
EVERETT, Wash.––Boeing safety chief said changes under way at the plane maker following two deadly 737 MAX crashes should prevent engineers from designing another automated cockpit system without suff...
Norfolk Southern’s stock extends selloff, and one analyst turns bullish
Shares of Norfolk Southern Corp. have fallen enough — when compared with those of other railroad operators and the broader stock market — to create a “compelling entry point” for investors, according ...