Climate change

With rain continuing to fall, politicians are questioning whether federal, state and local officials were adequately prepared.

The cost is down 16.5% from last year, according to The Insurance Information Institute.

Climate risk models, which are widely used in the insurance industry, don't typically make detailed projections for extreme heat.

Investment funds based on parametric insurance have the potential to beat cat bond returns, according to Rhodri Morris, a portfolio manager at Twelve Securis.

Climate resilience efforts such as new flood defense systems and building codes have offset potential insured losses in New Orleans, according to Swiss Re report.

Florida's insurance markets could be in a better position to withstand disasters' impact spreading to its housing market, although FEMA cuts will impact the state's resources, an insurance expert and author said.

Predicting environmental risks that follow a major natural disaster represents an untapped opportunity for insurance , according to head of reinsurance firm Swiss Re AG's China unit.

Unless adequately shielded from extreme weather events, assets designed to help fight climate change may risk access to insurance.

McDermott Will & Emery, a global law firm with an insurance specialization, watches concerns around the industry's implementation of AI and the broader challenges of insuring against climate risks. Digital Insurance spoke with a partner in the practice.

Three principles for modernizing data infrastructure.

Even before January's fires in Los Angeles, change-of-address data shows residential moves based on fire risks and insurance availability.

"We want to wean off of FEMA, and we want to bring it down to the state level," Trump told reporters on June 10 during a briefing in the Oval Office.

Because of its soil and its status as the world's fastest-warming continent, Europe is particularly exposed. The European Central Bank estimates the region's potential damage from sinking land at more than €2.5 trillion ($2.9 billion) across all euro-area financial institutions.

Valkyrie Holmes, co-founder and CEO of Faura, discusses how AI and analytics are helping carriers identify and manage weather risks.

The insurance industry can embrace sustainability as a path to meaningful growth, ethical leadership and long-term success.

Hedge funds are facing pushback in California as their bets tied to insurance claims stemming from the Los Angeles wildfires are attacked as unethical.

Highlights from speakers and sessions at the Insurtech Insights conference and surrounding events in New York from June 3-5.

Federal agencies that provide weather data are losing funding or being reorganized, forcing carriers to find new storm data sources.

Catastrophe risk information from government bodies and academic institutions would make it possible to insure more homeowners based on more granular assessment, according to insurance industry professionals.

As the U.S. heads into peak hailstorm season, homeowners that have installed solar power face the prospect of chunks of ice damaging their panels.