Natural disasters caused US$368 billion in economic losses worldwide in 2024, with 60% of these damages uninsured, according to Aon’s newly released 2025 Climate and Catastrophe Insight report. The ...
Natural disasters and severe weather cost the global economy $417 billion last year, including $154 billion for which insurers were on the hook, according to a new report.
As natural disasters leave many Americans facing economic hardship, the tax code’s casualty loss deduction is providing assistance primarily to the wealthiest taxpayers. A reformed casualty ...
President Donald Trump is preparing to reshape the Federal Emergency Management Agency, which has been on the frontlines of responding to disasters in California and North Carolina.
There is much in this world that is beyond our control, like natural disasters. In 2024, 27 major climate-related disasters battered our nation. In 2023, there were 28, the highest ...
With the announcement of this year’s Oscar nominations, the members of the Academy have, in effect, responded to the natural and political disasters of the moment in the name of solidarity. A ...