Storms and flooding often cause enormous damage in the Caribbean island of Saint Lucia. Low-income people are most affected. Microinsurance could help them get back on their feet after catastrophic weather. But residents are skeptical.
Florida families emerged from shelters to find their neighborhoods leveled after the strongest storm since 1969 wreaked havoc. More than 375,000 people were issued mandatory evacuation orders, but many defied the calls.
New research from Lloyd's and CEBR has shown that vast assets are underinsured, posing a huge threat to livelihoods particularly in poorer nations. Those most at risk are also those with the lowest insurance levels.
Hurricane Florence is expected to become a Category 5 storm as it churns towards the US East Coast. Authorities are warning of severe coastal and inland flooding.
Hurricane Michael has caused widespread damage across the Florida Panhandle. The Category 4 monster was among the most powerful hurricanes in half a century to strike the mainland United States.
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