Munich Re reports that the insurance industry faces record claims of $135 billion from natural catastrophes, such as the Mexico earthquakes, South Asian floods, California wildfires and Atlantic hurricanes in 2017. Overall economic losses from natural disasters are estimated at the second highest amount since 2011.
The insurance industry will pay record claims of US$135 billion from last year's spate of natural catastrophes, according to a report published by Munich R
Due to persistent high winds, a fire begins and quickly spreads--at a rate of up to one acre per second--near Santa Paula, California, covering now at least 50,000 acres, crawling into the edges of Ventura and cutting power to 260,000 homes. 7,700 houses are under mandatory evacuation. 2017-12-5 (Context: California wildfires)
New evacuations are ordered as the fires spread toward a string of California coastal cities. Santa Ana winds and rugged mountain terrain continue to hamper firefighting efforts. Authorities report the Thomas Fire is only 15 percent contained. 2017-12-10 (Context: California wildfires)
Tropical storm warnings are issued for western Cuba and the northwestern Bahamas, and tropical storm warnings are announced for coastal South Florida in the U.S., as a strengthening Tropical Storm Philippe treks north-northeast with maximum sustained winds at 35 mph (55 km-h). 2017-10-28 (Context: Atlantic hurricanes)
Schools and hospitals are closed in Ireland and Northern Ireland as the extratropical cyclone Ophelia is forecasted to make landfall on the island. 2017-10-16 (Context: Atlantic hurricanes)
Hurricane Irma makes landfall in Cuba. The death toll across the Caribbean is at least 25 people, 2017-09-9 (Context: Atlantic hurricanes)
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