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Florida Cold Damages Citrus Crop, Strains Power Supplies
Florida endured another day of bitter cold that damaged the state’s citrus crop and prompted a local utility to ask residents to reduce electricity use. Freeze warnings and cold weather advisories cover a large portion of the state, the National …
POSTED FEBRUARY 03, 2026 2:37 PM |
KCC: Winter Storm Fern to Cause $6.7M in Insured Losses
The late January winter storm will caused insured losses of $6.7 billion, making it one of the costliest winter storms since 1950. The estimate comes from catastrophe modeler KCC, headed by modeling pioneer Karen Clark. The tally includes privately insured …
POSTED FEBRUARY 03, 2026 2:25 PM |
Court Blocks Trump Halt on Last of 5 Suspended Offshore Wind Projects
All five offshore wind projects halted by the Trump administration in December can resume construction following a federal judge’s ruling on Monday that cleared Denmark’s Orsted to proceed with its Sunrise Wind project off the coast of New York. Orsted’s …
POSTED FEBRUARY 03, 2026 1:41 PM |
Markets/Coverages: Munich Re Launches Pandemic Consortium via Lloyd’s Market
Munich Re Specialty – Global Markets, Syndicate announced the launch of The Pandemic Consortium, a Lloyd’s market initiative which will be focused on offering parametrically triggered catastrophic communicable disease insurance. The consortium will offer a proactive emerging risk transfer solution …
POSTED FEBRUARY 03, 2026 11:49 AM |
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming For Debt Markets
More than $3 trillion. That’s the staggering price tag to build the data centers needed to prepare for the artificial intelligence boom. Not even the world’s biggest technology companies—not Amazon.com, not Microsoft or Meta Platforms—are prepared to foot the bill …
POSTED FEBRUARY 03, 2026 10:45 AM |
Russian Captain Found Guilty Over Crew Member’s Death in US Tanker Crash
The Russian captain of a container ship that crashed into a U.S. tanker off the east coast of Britain in March last year was found guilty in a London court on Monday of causing the death of a crew member …
POSTED FEBRUARY 03, 2026 9:36 AM |
EU Body’s Advice on Toxin Limit in Baby Formula Prompts More Recalls
The European food safety body on Monday advised a maximum threshold for the cereulide toxin used in infant formula, prompting some French producers to withdraw additional products from the market. Cereulide, a toxin that can cause nausea and vomiting, has …
POSTED FEBRUARY 03, 2026 9:07 AM |
APCIA Hires Hanson to Lead National Advocacy and Coalition Strategy
The American Property Casualty Insurance Association (APCIA) announced the hiring of Meagan Myers Hanson as department vice president, advocacy, campaigns, and coalitions. Hanson will lead APCIA’s integrated advocacy campaigns, coordinate national and state-based coalitions, and shape messaging and engagement strategies …
POSTED FEBRUARY 03, 2026 8:05 AM |
Active Tornado Season Expected in the US
An active 2026 tornado season is expected for the Central Plains, with approximately 15% more tornadoes than the 20-year average, according to the Kansas Institute of Tornado Dynamics (KITD). Factors influencing this forecast include persistent La Niña conditions, warmer-than-average Gulf …
POSTED FEBRUARY 03, 2026 6:53 AM |
India Plans a $2.2 Billion Bet on Carbon Capture and Storage
India’s government proposed a 200 billion rupees ($2.2 billion) program to ramp up the deployment of carbon capture utilization and storage technology, to help mitigate the emissions of five heavily polluting sectors. The plan would target power, steel, cement, refineries …
POSTED FEBRUARY 03, 2026 6:10 AM |
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