Climate change

Mercury Insurance, among others, are building climate science teams to better inform their risk and pricing.

Digital Insurance spoke with Veronika Torarp of PwC about the need for more climate resilience efforts, and what their benefits can be.

California governor's executive order tasks insurance regulator and other state agencies to make recommendations on mitigating wildfires, insurance affordability and availability, expediting insurance claims and more.

New law, SB 429, California Wildfire Public Catastrophe Model Act, depends on the state's university system and its resources to check insurers' and regulators' risk modeling.

A tech firm is expanding the possibility of electric-grid forecasting by offering hourly projections of US power demand seven months into the future.

Many businesses are overlooking the full extent of their climate risk, even after they've experienced the impacts of more extreme weather first-hand.

Larger states are more likely to have funds for prevention of natural disasters and responses to these events, says Chip Merlin, an attorney who represented Hurricane Katrina survivors.

The report, cowritten by the U.S. Chamber of Commerce and the Chamber's foundation, predicts job losses and lost economic activity, but sees prevention potential from public-private partnerships.

California sellers of older homes in high-risk areas must disclose to potential buyers not only a dwelling's susceptibility to fire but what they've done to address those vulnerabilities.

The home insurer's objections to an in-person public hearing with regulators are dismissed by a California administrative judge, along with efforts to separate and postpone wildfire claim handling complaints from the rate hearings.

Neptune Insurance filed for an IPO showing growing revenue for the flood insurance company.

A Category 5 hurricane could lead to more than $200 billion in damage, Moody's Analytics said in a report released before the 20th anniversary of Hurricane Katrina.

Digital Insurance stories related to the impact of climate change and the use of tech in weather forecasting.

The models at the time overestimated the strength of the levees. They also underestimated the exposure of commercial properties.

Solar and wind energy companies protecting against climate-induced losses look to parametric insurance.

Cuts to NOAA and NWS leave a gap in data collection that makes it harder for insurers relying on the data to accurately identify and mitigate weather and climate risks, regulation and science experts tell NAIC, the association of state regulators.

Parts of St. Louis, Missouri hit by a tornado on May 16 had high rates of uninsured properties, Brad Gerling, research data analysis manager at the Missouri Department of Commerce and Insurance, told NAIC's FEMA Working Group, at its summer meeting in Minneapolis on August 12.

NAIC, the association of state regulators, is expecting FEMA to send more of its responsibilities to state governments.

Financial volatility is top concern for U.S. risk managers, according to the Mid-year Flash Survey from the Casualty Actuarial Society and the Society of Actuaries.

EY's insurance expert, Isabelle Santenac, spoke with Digital Insurance about how insurers are managing technology advances, as well as increasing climate and security risks.