Climate change

Senator Bryan Hughes, a Republican, sent letters to major insurers, including Berkshire Hathaway Specialty Insurance Co., Progressive Corp., and Allstate Corp., with questions about proposals related to the energy industry, according to a copy seen by Bloomberg News.

First Street estimates that 13.4 million US properties that aren't currently vulnerable to tropical cyclones likely will be in 30 years' time.

Using machine learning technology, the solution analyzes property features and flood risk information.

Insurance companies have an opportunity to be at the forefront of climate change mitigation.

Rising repair costs and lack of insurance education contribute to coverage gaps.

Backers of Chicago-based Buoyant include the Microsoft Climate Innovation Fund, Bank of America Corp., Xcel Energy Inc. and the Office of the Illinois State Treasurer, according to a statement.

Digital capabilities like mobile insurance and parametric insurance can lend swift aid to vulnerable households during a Nat Cat event.

Consider introducing specific touch points and service level expectations.

Three ways for carriers to improve the policyholder's experience by unlocking the value of their data.

Reinsurers Swiss Re and Munich Re have reduced their capacity in Florida by as much as 80%.

To limit the effects of disasters, there are valuable lessons consumers can learn from to better protect against financial and physical impacts.

This is where parametric comes in.

Climate change has increased wildfire risk in California while hurricane losses in Florida have already seen a number of reinsurers cut exposure, Moody's said.

Including uninsured losses, the total cost of storms, droughts, earthquakes and fires last year was $270 billion.

Church Mutual names new president and more news.

Insurance companies that best leverage data-driven technology solutions to predict and understand the intricate morass of new risks will position themselves to succeed.

Alongside extreme weather events, issues like affordability and risk perception contribute to the lack of insurance protection.

The bill passed in the Florida House of Representatives by a vote of 84 to 33 Wednesday afternoon after the Senate approved the legislation Tuesday, according to the Florida Senate's website.

AI tools can help insurers with historical loss projections more effectively predict the impacts of future catastrophes.

The company filed for Chapter 11 bankruptcy in Fort Lauderdale on Sunday, court papers show.