Climate change

While insurers like State Farm General Insurance Co. and Allstate Corp. are retreating to avoid costly fire damage claims, Delos is going all in.

InnSure executive director shares how communities can combat higher rates and mitigate climate risk by taking control of their insurability.

A half-dozen Maui wildfire victims sued a group of insurers, including State Farm and Allstate, accusing them of throwing a wrench into a tentative $4 billion deal to settle their claims.

Satellite technologies are leading the way in mitigating the mounting threats posed by climate change.

The new rule will require FEMA to consider climate change's impact on future flood patterns in determining how and sometimes if to build back after flooding. 

More than 7 million homes in the US are already exposed to fire risk, a figure seen climbing to nearly 13 million over the next 30 years, according to a 2022 study.

Researchers studied satellite observations to evaluate extreme wildfire events around the globe.

The agency is stretched thin with a record number of billion-dollar catastrophes and a mission that's expanded to cover Covid-19 and the migrant care crisis.

What steps can be taken to successfully navigate through this difficult, complex market?

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.

California's lofty home prices and scarce inventory already amounted to one of the most nightmarish housing markets in the U.S.