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There is a disconnect between today's insurance frameworks and the financing needed to invest in adaptation and mitigation measures.
April 11ACTUAL -
The average premium for homeowners insurance in the US is expected to hit $2,522 by the end of the year, driven largely by intensifying natural disasters, rising reinsurance costs and higher fees for home repair, according to Insurify, a Massachusetts-based insurance-comparison platform.
April 1 -
Defections by U.S. states from NAIC's call for property market data reporting could widen the gap in insurance protection, climate risk solutions expert says.
April 1 -
Insured losses from natural catastrophes have been on a slow and steady rise.
March 26 -
The move comes just nine months after State Farm announced plans to stop issuing new coverage in the most populous US state.
March 26 -
Homeowners insurance rates in Florida have always been above the national average, but in recent years they have risen to unprecedented levels.
March 7Capco -
The strategy in question is tied to insurance-linked securities, which are dominated by catastrophe bonds (often dubbed cat bonds).
February 26 -
A preliminary calculation from Accuweather put the estimated losses at $9 billion to $11 billion after more than 10 inches of rain fell in the mountains west of Los Angeles, making it one of the wettest two-day periods in 147 years, AccuWeather said.
February 7 -
Catastrophe bonds, which last year formed the basis for the best-performing hedge fund strategy, have been delivering gains that trounce those of other high-risk fixed-income products.
February 5 -
While no single weather event caused more than $10 billion in losses for insurers last year, there were 37 thunderstorms that each cost at least $1 billion, according to a report by Aon Plc.
January 25