Climate change

Tropical Storm Milton, with winds of 40 miles per hour, is forecast to build into at least a Category 3 hurricane with winds of 115 mph when it makes landfall in western Florida on Oct. 9, the US National Hurricane Center said.

Severe repetitive loss (SRL) properties are a growing category.

The destruction from Hurricane Helene is expected to cost insurers roughly $6.4 billion, according to an early estimate from catastrophe modeling firm Karen Clark & Company.

MMA says some risky-sector issuers in the area hit hard by the hurricane may be pushed into technical or payment defaults.

As historic floodwaters unleashed by Hurricane Helene recede across the U.S. Southeast, the region faces a humanitarian, economic and ecological crisis of staggering scope, with effects likely to last years.

The horror Helene left in its wake has shocked the city of 94,000, and the inland devastation illustrates a broader danger about hurricanes.

A new AI-powered platform can protect businesses from the impacts of costly power outages.

State and federal relief efforts are stepping in to help areas hit by Helene that are not covered by flood insurance.

Data from Neptune Flood reveals the lack of coverage from homeowners and business owners facing the storm's deadly destruction.

From Indiana to Florida, more than 3.2 million customers are without power with South Carolina accounting for about 31%, according to PowerOutage.us.

An onslaught of four natural disasters $5.3 billion of insured losses across Canada in just two months — more than any other summer on record.

A member of a homeowners association explained the higher cost, lower coverage plan it now has, and supported Consumer Watchdog's advocacy.

Consumer Watchdog officials, in remarks before and during a hearing of the Assembly's Insurance Committee, stressed requiring insurers to provide standard policies to homeowners who fireproof their property, countering Commissioner Ricardo Lara's proposed deal with insurers promising more coverage in wildfire distressed areas.

California ordered home insurers to maintain coverage during the next year for 750,000 customers in four counties ravaged by wildfires that are still burning east of Los Angeles.

Central Europe's insured flood losses will likely be €2 billion ($2.2 billion) to €3 billion, Global reinsurance broker Gallagher Re estimates.

To improve future performance the industry must sharpen its ability to successfully navigate trends.

The increased use of solar energy also creates some new risks that could affect coverage according to a new report from Allianz.

Panelists in Send's most recent webinar highlight the importance of high-quality data in climate risk assessment.

An increase in wildfire risk has led to a decrease in insurance options as insurers are dropping coverage in these areas.

Andrew Mais, who also serves as president of the state insurance regulators group, acts on recent floods in his state.