Climate Disasters Forcing Insurers to Rethink Low Premiums, Few Claims Model January 25, 2023 By Akshat Rathi When it comes to climate impacts, the frontline of the finance industry is insurance. Last year’s payout from damages caused...
Weary of Many Disasters? UN Says Worse to Come April 27, 2022 By Seth Borenstein A disaster-weary globe will be hit harder in the coming years by even more catastrophes colliding in an interconnected world,...
Farmers to Deploy ‘Spot,’ a 4-Legged Robot, for Property Inspections September 22, 2021 By Jim Sams The newest member of Farmers Insurance Group’s catastrophe response team is a four-legged robot that vaguely resembles a headless greyhound....
Investors Gauge Future Climate Risks With Satellite Imaging October 23, 2020 By Alastair Marsh The world was watching end-of-days scenes: Firefighters in yellow jackets, blurry against a copper sky, battled to push back walls...
Disasters Cause Insurance Double Whammy for Pandemic-Hit Businesses September 4, 2020 By Suzanne Barlyn and Alwyn Scott As insurers brace for an expensive natural-disaster season because of storms and wildfires ravaging parts of the United States, the...
A.M. Best: Global Insurance Market Is Well Capitalized in the Face of COVID-19 May 18, 2020 Global insurers are well capitalized to absorb the hit from rising claims and costs related to the COVID-19 pandemic, ratings...
Zurich Insurance Sees Best Chance to Raise Prices in 18 Years January 13, 2020 By Patrick Winters Zurich Insurance Group AG expects to have more power to increase commercial insurance rates than it has seen in almost...
Financial Tug-of-War Emerges over Fire Victims’ Settlement January 2, 2020 By Daisy Nguyen SAN FRANCISCO — A financial tug-of-war is emerging over the $13.5 billion that the nation’s largest utility has agreed to...
As Storms Threaten, Geospatial Intelligence Team Keeps Aircraft at the Ready September 20, 2019 By Jim Sams The 2019 Atlantic Hurricane Center has been challenging the ground rules for an insurance industry organization that dispatches pilots to...
No Panic in Hawaii After False Alarm about Missile Attack March 15, 2019 Newswise — When Hawaiians received a false alarm text message that said “Ballistic missile threat inbound to Hawaii. Seek immediate...