Climate change

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.

Since 2017, there have been 86 weather-related disasters in the U.S. exceeding $1 billion in damage.

Climate change protesters in London have targeted insurance underwriting house Lloyd’s of London for its role in enabling fossil fuel projects.

Freddie Mac researchers led by Ajita Atreya found that homes directly exposed to projected sea-level rise command no discount over those that aren’t.

The insurance will initially roll out, sometime in the next year, in Africa.

Insurers protecting Florida’s homeowners are going under and it’s not the state’s storms dragging the firms down -- it’s a deluge of lawsuits and fraud.

The glass tower in Paris where Axa SA, one of the world’s largest insurers, has its temporary headquarters looks as if a giant feral cat has ripped chunks out of it. In recent months that jagged feeling extends inside, too, as senior executives prepared to claw off an extraordinarily profitable part of the company’s $20 billion business: the oil and gas clients whose ties to the insurer go back decades.

More than 126,000 commercial buildings in London are at risk from flash flooding. Climate change will heighten that threat.

More than 14.5 million single and multi-family homes were affected by natural disaster events last year. There was an estimated $56.92 billion in property damage.

We want insurers to transform from premium collectors to lifelong protectors. And technology is at the core of helping them achieve this.

The total losses and physical damages were estimated to cost $343 billion, well below the peak loss year in 2011 of $615 billion, however the 2021 losses, compared to 2011-2020 were about 4% higher than the average of $271 billion, according to the 2021 Weather, Climate and Catastrophe Insight report.