Natural disasters

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.

Three ways for carriers to improve the policyholder's experience by unlocking the value of their data.

To limit the effects of disasters, there are valuable lessons consumers can learn from to better protect against financial and physical impacts.

This is where parametric comes in.

Climate change has increased wildfire risk in California while hurricane losses in Florida have already seen a number of reinsurers cut exposure, Moody's said.

Including uninsured losses, the total cost of storms, droughts, earthquakes and fires last year was $270 billion.

Insurance companies that best leverage data-driven technology solutions to predict and understand the intricate morass of new risks will position themselves to succeed.

Alongside extreme weather events, issues like affordability and risk perception contribute to the lack of insurance protection.

The bill passed in the Florida House of Representatives by a vote of 84 to 33 Wednesday afternoon after the Senate approved the legislation Tuesday, according to the Florida Senate's website.

AI tools can help insurers with historical loss projections more effectively predict the impacts of future catastrophes.

The company filed for Chapter 11 bankruptcy in Fort Lauderdale on Sunday, court papers show.