Climate change

Climate change has brought an increase of more severe natural disasters, causing many insurers to change their processes and policies.

Speaking at a June 26 public hearing on California's Sustainable Insurance Strategy, insurers pushed for accelerated wildfire model reviews and called the proposal unsustainable, while consumer advocates and others supported more transparency in its models.

Zimbabwe received $31.8 million from African Risk Capacity, an arm of the African Union, as part of an insurance payout for the devastation the country suffered from an El Niño-induced drought.

Insurers are introducing AI-driven technology and historical data analysis to combat the costly impacts of climate risks.

Investors in bonds intended to help Jamaica cover the costs of a natural catastrophe won't be affected by the havoc wrought by Hurricane Beryl.

Zurich and Aon launch clean energy insurance facility and Mercury expands virtual home inspections, plus other insurtech news.

Using data & AI to drive transformation in the P&C insurance industry.

To meet the ambitious goals of the Environmental Protection Agency's Greenhouse Gas Reduction Fund, innovative financing models can be adapted from established municipal finance systems.

Climate change is now a third-party player, and it's changing the rules of the game.

Western utilities and beyond are finding it prohibitively expensive, if not impossible, to insure against potential fire-related claims. The issue will become more pressing as climate change makes droughts more intense and frequent, heightening the chances of more destructive infernos.