Climate change

For years, academics and brokers have discussed whether cat bonds could do more than just clean up after disasters.

Global challenges demand coordinated international action and smarter regulation.

Representatives of the insurance industry called the proposal too speculative and prescriptive, while consumer and environmental advocates say it doesn't go far enough.

A rare thing is about to happen in the $55 billion market for catastrophe bonds: a trigger event will wipe out 100% of a bond's principal.

Edison International Chief Executive Officer Pedro Pizarro said it is likely that the company's utility equipment could be found to be associated with the start of the deadly Eaton Fire.

Hurricane Melissa thrashed Cuba, unleashing landslides and flooding in the nation's second-largest city.

The dangerous storm was about 50 miles south-southeast of Negril, Jamaica, at the western tip of the island, the US National Hurricane Center said in an 9 a.m. New York time update.

The seemingly unstoppable rise of catastrophe bonds may now be eroding the market share of reinsurers.

Jay Koh, a private equity veteran and former Carlyle Group Inc. executive, says investors should be paying a lot more attention to the new economy forming around extreme weather.

Preliminary insured losses for the first nine months of 2025 already stand at about $105 billion, according to a report Wednesday by Gallagher Re.

Several insurance and wildfire-related bills were signed into law October 10, including authorization for bonds to finance California's insurer of last resort.

Insurers getting proactive about climate risks are finding that excess and surplus lines are a vehicle for innovation in coverage.

Mercury Insurance, among others, are building climate science teams to better inform their risk and pricing.

Digital Insurance spoke with Veronika Torarp of PwC about the need for more climate resilience efforts, and what their benefits can be.

California governor's executive order tasks insurance regulator and other state agencies to make recommendations on mitigating wildfires, insurance affordability and availability, expediting insurance claims and more.

New law, SB 429, California Wildfire Public Catastrophe Model Act, depends on the state's university system and its resources to check insurers' and regulators' risk modeling.

A tech firm is expanding the possibility of electric-grid forecasting by offering hourly projections of US power demand seven months into the future.

Many businesses are overlooking the full extent of their climate risk, even after they've experienced the impacts of more extreme weather first-hand.

Larger states are more likely to have funds for prevention of natural disasters and responses to these events, says Chip Merlin, an attorney who represented Hurricane Katrina survivors.

The report, cowritten by the U.S. Chamber of Commerce and the Chamber's foundation, predicts job losses and lost economic activity, but sees prevention potential from public-private partnerships.