Climate change

The climate crisis is felt acutely in the insurance industry. Here's how the industry is responding.

Strong storms lure fraudsters to Florida and cause carriers to flee Louisiana.

The western U.S. is experiencing major risks as a result of climate-driven drought conditions.

Some insurers recognize the significance of not only climate risk mitigation, but acting as proponents of change.

Also: Liberty Mutual joins climate innovation alliance; Hagerty to acquire Broad Arrow Group.

First Street has released a free web tool that lets users search US addresses to determine their heat risk.

The half-year data for 2022 doesn’t include the full fallout from Europe’s heatwave.

Sompo Holdings Inc. and Sumitomo Life Insurance Co., two of the country’s biggest insurers, are offering policies.

Technology advances like cloud storage can help policyholders be prepared for potential claims.

An emerging trend that is spreading out into new regions of the country.

The industry’s reliance on historical loss data and traditional catastrophe models is limiting its understanding of future climate risks.

Insurers have closed shop in Louisiana and Florida, leaving in the lurch thousands of homeowners.

Tornado damage can leave lasting financial burdens on the homeowners they affect.

Hippo expands to Massachusetts; Jet Insurance offers pay-as-you-go surety bonds.

The UK’s accounting watchdog is proposing new rules for insurance companies to make sure actuaries factor in climate change risk. 

The World Property and Casualty Insurance Report emphasizes the effects of climate change on the insurance industry.

Already, 2022 is taking its place in a pantheon of years that have seen the nature of fire change — and all parts of the world fall under threat.

Farmers, CNA and The Hartford share resources.

16 lawmakers issued letters to more than a dozen insurance companies, including American International Group Inc., Berkshire Hathaway Specialty Insurance Co. and Chubb Ltd.

According to a new report from the real estate firm Redfin, “Majority-Hispanic” neighborhoods are more likely to see their flood-insurance premiums rise than any other major ethnic or racial neighborhood group.