Climate change

The California State Assembly has introduced a bill to issue catastrophe bonds to shore up the state's last-resort property insurance, the FAIR Plan. Bonds would remove the burden of L.A. wildfire fallout from taxpayers, insureds and insurers. But analysts say a nationalized risk pool might be necessary.

To keep pace with emerging risks, insurers must carefully identify which technologies can truly mitigate risk and reduce losses.

Even the most-sophisticated scientific models fail to capture all the risk factors or properly account for the increasing impact of climate change.

It's not an unthinkable notion. There have been a handful of attempts at systematically moving populations away from regions severely affected by climate change.

The insurance market going into the Jan. 7 catastrophe already had been hit with non-renewals and cancellations -- and an overburdened state-supported insurance plan. A Morningstar analyst said the state insurance commissioner's reform strategy could have turned it around but now faces new obstacles.

Among the top risks cited by executives were cyber incidents, business interruption and the impacts from natural catastrophes.

A round up of announcements and actions by California Insurance Commissioner Ricardo Lara and the state's Department of Insurance to assist residents with claims and insurance-related issues.

It's essential for insurers to be ready when disasters strike.

Los Angeles is bracing for critical wildfire conditions again as dry winds scour Southern California.

The city of Los Angeles' electric and water utility was hit with a lawsuit faulting it for not supplying enough water to fight the biggest fire still raging in the second-largest U.S. metropolis.

The National Flood Insurance Program has been kept alive with short-term authorizations since 2017. Flood risk data and increased use could strengthen it.

The California FAIR Plan Association, already vulnerable financially, will likely need an assessment of insurers or policyholders as a rescue measure, according to experts.

Insurance carriers are using digital content to support policyholders around natural disasters, according to Keynova Group.

Verisk and Moody's are the first two modeling companies to submit their models to the California Department of Insurance. A Verisk executive explained the functioning of their model and what insurers' options are.

A trio of blazes in SoCal have destroyed over 2,000 homes and structures in neighborhoods with average property values well above the national average.

The wildfires add pressure to California's home insurance market, which has faced a growing crisis in recent years.

John Neal is set to leave the historic insurance market place for a new role overseeing Aon Plc's climate solutions and reinsurance businesses.

The most destructive wind storm to strike the Los Angeles area in 14 years is fanning wildfires.

Brian O'Connell, an analyst at insuranceQuotes.com, joins us for an in-depth look at what's ahead for insurers, consumers and brokers in the property & casualty market. in 2025. Social Media Pitch: For consumers and insurers alike, 2025 is shaping up to be just an interesting as 2024. Brian O'Connell, an analyst at insuranceQuotes.com, joins us for an in-depth look at what's ahead for insurers, consumers and brokers in the property & casualty market.

Academics with opposing views argued, in a U.S. Senate Budget Committee hearing, whether inflation and litigation, rather than climate change, are causing home insurance non-renewals and rate hikes.