Natural disasters

Last week saw the first co-op securitization to finance storm costs, a $908 million deal that could set a national model for utilities.

The Marshall Fire burned 6,000 acres in 24 hours and destroyed more than 1,000 homes in suburban Boulder County between Denver and Boulder.

The weirdness of this storm adds yet another layer of complexity to the vexing problem of coping with climate change.

Long-term damage to municipal credits in the powerful hurricane’s path is not likely, according to early reports from analysts.

The question looms as to what point heightened wildfire activity becomes a significant risk for municipal debt.

Voters in Texas' most populous county approved the flood control bonds after the devastation of Hurricane Harvey, but matching funds have been slow to arrive.

S&P Global Ratings gave California an elevated risk in the environmental category on an ESG scorecard, partly because of wildfire risks.

Forecasters at the National Oceanic and Atmospheric Administration’s Climate Prediction Center predict a 60% chance of an above-normal season.

California Gov. Gavin Newsom and President Biden outlined separate plans Monday to increase spending to prepare for natural disasters.

The report found that the White House Office of Management and Budget played a key role in prodding HUD to add additional requirements for Puerto Rico to access the disaster aid.