Climate change

Strong data and resilience are key to scaling the renewable energy sources needed to combat climate change.

The jury is still out on whether the California insurance regulator's plan to let insurers use catastrophe modeling for rates will make wildfire loss coverage more widely available.

In partnership with the United Nations Capital Development Fund (UNCDF), Lloyd's will run parametric insurance training workshops in Papua New Guinea and Fiji.

The right data and tech means that insurance providers have more time and resources to focus on their customers.

Homeowners insurance rates in Florida have always been above the national average, but in recent years they have risen to unprecedented levels.

Extreme weather could aggravate growing property insurance pressures on governments.

The volume of active for-sale condo listings in the Sunshine State increased by 40% last month compared to a year earlier, Redfin said.

The strategy in question is tied to insurance-linked securities, which are dominated by catastrophe bonds (often dubbed cat bonds).

The frozen rain pellets which can destroy roofs, sidings and windows were responsible for the largest percentage of insured loss last year.

Bob Marshall, CEO of Whisker Labs, the makers of Ting talks to Digital Insurance about smart home technology.

Nationwide partners with DigitalOwl and Progressive Fleet rebrands, plus more news.

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.