Climate change

A preliminary calculation from Accuweather put the estimated losses at $9 billion to $11 billion after more than 10 inches of rain fell in the mountains west of Los Angeles, making it one of the wettest two-day periods in 147 years, AccuWeather said.

Catastrophe bonds, which last year formed the basis for the best-performing hedge fund strategy, have been delivering gains that trounce those of other high-risk fixed-income products.

Commercial property insurance customers are concerned about climate risk, and most are willing to invest $20,000 or more to increase resilience.

While no single weather event caused more than $10 billion in losses for insurers last year, there were 37 thunderstorms that each cost at least $1 billion, according to a report by Aon Plc.

The Allianz Risk Barometer features the corporate concerns from over 3,000 risk managers worldwide.

Ford Pro Insure, RGA, Digital Owl news, and more.

Ernst Rauch, chief climate scientist at Munich Re, says insurers are now having to rethink how they classify storms.

Digital Insurance reached out to insurance professionals about new and emerging risks.

In the quest for enhanced corporate sustainability, the integration of innovative technologies is ushering in a new era of reporting capability and transparency.

Digital Insurance reached out to insurance professionals about property and casualty trends to expect next year.