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Articles on Hurricane Andrew

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Florida’s Turkey Point Nuclear Plant shut down 12 hours before Hurricane Andrew made landfall in 1992. AP Photo/Phil Sandlin

Nuclear reactors in hurricanes: 5 questions answered

Lessons learned from Hurricane Andrew in 1992 and the Fukushima disaster in 2011 have changed how utilities brace for big storms.
Water from Addicks Reservoir flows into Houston neighborhoods following hurricane Harvey in August. Allstate expects US$593 million in insurance losses for August due to the hurricane. (AP Photo/David J. Phillip, File)

The stormy outlook for insurance-linked securities

Insurance-linked securities aim to shield insurers and governments from huge costs following disasters. But they bear eerie similarities to the securities that caused the 2008 financial meltdown.

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