Climate change

New Zealanders are not alone in struggling to price the risk to property that comes from sea level change and flooding.

The industry is shaping ESG adoption on a world scale and a comprehensive ESG plan should include a focus on data.

High-resolution, high-frequency imagery assists insurers with claims processing, underwriting and post-disaster property inspections.

Property and casualty insurers can benefit from tools and data that enable them to assess damage and address claims quickly.

"No bonding will be needed to pay for Ian-insured losses," says Ben Watkins, director of Florida's Division of Bond Finance.

California's biggest utility said the costs of the Mosquito Fire should be largely offset by insurance and other rate recoveries, according to a filing Thursday with the US Securities and Exchange Commission.

The Zurich-based reinsurer's key unit saw $2.5 billion in claims related to large catastrophes including the storm which hit Florida last month, it said in a statement on Friday.

Digital Insurance spoke with Troy about how his role at the insurer has changed since he started at the company in 2019.

Global warming is considered as the biggest risk to society in the next five to 10 years for the second year in a row, according to a report released by AXA SA.

Water damage is a real threat for anyone living on the coast, near rivers or other water sources.

The company expects to post a net loss of about $500 million in the quarter.

Insurers and insurtechs use cloud and AI to detect threats to crop yields.

The report from Australian mining tycoon Andrew Forrest's nonprofit Minderoo Foundation is the first time lawyers and data analysts have modeled how the cost of plastic-related pollution translates into the likely compensation payouts.

When the hybrid public-and-private insurance market meets current policy on disaster relief and resilience, the result is mispriced risk, misallocated investment, and a mounting toll of suffering and cost.

Capgemini, III report looks at mitigation options in insurers' hands.

There are three areas that are essential to include in federal, local, and state wildfire mitigation policies, Roy Wright, President and CEO of the Insurance Institute for Business and Home Safety, told Congress.

Inflation is changing the insurance industry with a new focus on telematics and increased insurance shopping for better pricing.

Only 18% of all Florida homes -- of which there more than 10 million, per census data -- have flood insurance, according to the III.

These days, it's hard to find a place in the US that is free from risk.

Final installment of insights and news from ITC.