Because of its soil and its status as the world's fastest-warming continent, Europe is particularly exposed. The European Central Bank estimates the region's potential damage from sinking land at more than €2.5 trillion ($2.9 billion) across all euro-area financial institutions.
(Bloomberg) --California's insurance regulator has launched a formal investigation into State Farm's handling of claims related to January's Los Angeles wildfires, after groups of survivors complained that the process could lead to confusion and delayed payouts.
Pet insurance needs to do more than reimburse. It must actively support pet owners in predicting problems and delivering real-time value.
Insurers that invest in modernizing how funds are held, moved, and monitored will be the best positioned.
The insurance industry is seeing a disproportionate increase in liability claims compared to a rise in general inflation.
There were about 48 funding events in the insurtech sector in May, according to a review by Digital Insurance.
