The U.S. Transportation Department issued an emergency order designed to reduce the risks of transporting crude from North Dakotas booming Bakken region by rail, a week after an oil train derailed and burned in Virginia.
Hot and dry conditions in parts of middle America deepened an ongoing drought in many states over the last week, according to a climatology report issued Thursday.
Two sets of storms in the U.S. and an earthquake and aftershocks in northern Italy top the list of catastrophes around the globe in May, notes a report by Aon Benfield.
Flooding, a 7.7 magnitude earthquake and tsunami combination, and a super typhoon highlighted what was a busy October for catastrophes, in what has already been an active year, Aon Benfield said in a new report.
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