Natural disasters

Swiss Re said its withdrawal doesn't reflect a lesser commitment to climate policies.

The average annual property insurance payment in the state is $4,231, nearly triple the national rate of $1,544, according to the Insurance Information Institute, an industry association.

The company addresses wildfire risk through its software system that protects properties through satellite connectivity.

Consider developing a concierge FNOL team to handle increased demand.

The partnership with Arbol utilizes the power of blockchain and DLT in risk management, parametric insurance and reinsurance.

The nonprofit will work with the New York State Energy Research and Development Authority to fund innovators for insurance products that tackle climate-related risks.

By moving beyond legacy territorial ratings, every property can be rated fairly according to its actual exposure to loss.

Insurers are being forced to rethink their approach to climate change as they assess the risk of being sued for antitrust violations.

For example, a smart contract-enabled parametric insurance product could be designed to automatically pay out to farmers in the event of a drought.

Personal insurance shouldn't be a mystery.

The shortcomings of emerging "climate services" are concerning to some observers.

Zurich's departure will raise further questions about the workability of voluntary industry associations targeting emissions reductions.

The reinsurer will exit the Net-Zero Insurance Alliance, which is a sub-unit of the Glasgow Financial Alliance for Net Zero, it said on Friday.

Climate impacts are also making it more expensive to insure homes against these threats.

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.

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.