More SE States Pushing Funding, Discounts for Stronger Roofs as Storms Increase January 10, 2025 By William Rabb A residual property insurer and regulators in two Southeastern states are emphasizing roof integrity, more signs that mitigation and prevention...
Catastrophic Weather Drives Insured Losses to Highest Since 2017 January 10, 2025 By Stephan Kahl As 2025 begins with wildfires wreaking devastation across Los Angeles, it’s now clear that insured losses from natural catastrophes last...
Forensic Meteorology: How Do Consulting Meteorologists Help with Damage Claims and Disputes? January 6, 2025 By Daniel Schreiber Professional meteorology, as it relates to insurance claims handling and the litigation process, is becoming increasingly recognized, and the employment...
Senate Says Climate Is Driving Insurance Non-renewals; Industry Strikes Back December 19, 2024 By Chad Hemenway The U.S. Senate Budget Committee on Wednesday held a hearing to release a study they said confirms climate change is...
European Central Bank Pitches Plan to Boost Coverage for Climate Losses December 18, 2024 By Gautam Naik The European Central Bank and the region’s insurance authority proposed a two-pronged approach to increase insurance coverage for floods, storms...
Disaster Insurance Set to Test Italy’s Business Backbone in 2025 December 17, 2024 By Alberto Chiumento and Andrea Mandala Italian companies are preparing to comply with a requirement to take out natural disaster insurance from next April, although some...
Global Non-Life Insurance Rates ‘Plateauing’ but Nat Cat Losses Delay Market Softening November 25, 2024 By L.S. Howard Global non-life premiums are expected to hit a decade-high growth level of 4.3% in 2024, following the repricing of risk...
Atmospheric River to Hit Pac Northwest and California; Snow Could Impact Parts of Northeast And Great Lakes November 18, 2024 Meteorologists are forecasting a stormy pattern that could impact millions of people across U.S. this week with the threat of...
‘Doomsday’ Glacier Set to Melt Faster, Swell Seas as World Heats up September 23, 2024 By Danielle Bochove Tidal action on the underside of the Thwaites Glacier in the Antarctic will “inexorably” accelerate melting this century, according to...
U.S. Property Insurance Rates Fall for First Time Since 2017 September 18, 2024 By Alexandre Rajbhandari U.S. property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid...