Natural disasters

The industry is shaping ESG adoption on a world scale and a comprehensive ESG plan should include a focus on data.

High-resolution, high-frequency imagery assists insurers with claims processing, underwriting and post-disaster property inspections.

Property and casualty insurers can benefit from tools and data that enable them to assess damage and address claims quickly.

"No bonding will be needed to pay for Ian-insured losses," says Ben Watkins, director of Florida's Division of Bond Finance.

California's biggest utility said the costs of the Mosquito Fire should be largely offset by insurance and other rate recoveries, according to a filing Thursday with the US Securities and Exchange Commission.

The Zurich-based reinsurer's key unit saw $2.5 billion in claims related to large catastrophes including the storm which hit Florida last month, it said in a statement on Friday.

Digital Insurance spoke with Troy about how his role at the insurer has changed since he started at the company in 2019.

Global warming is considered as the biggest risk to society in the next five to 10 years for the second year in a row, according to a report released by AXA SA.

Water damage is a real threat for anyone living on the coast, near rivers or other water sources.

The company expects to post a net loss of about $500 million in the quarter.

Insurers and insurtechs use cloud and AI to detect threats to crop yields.

The credit outlook on individual credits in Florida is mixed as the first reports of damage from the hurricane start filtering in.

Wind and storm surge damage to residential and commercial properties could reach $47 billion, according to a CoreLogic analysis.

Potential homebuyers who reviewed property listings that included flood risk were less likely to look at and bid on homes in areas with a severe risk of flooding.

Swiss Re Institute finds growing flood losses, underinsured homeowners.

The country is now considered "very risky" due to mounting flood and fire dangers, as well as risks to people and infrastructure following last year's deadly riots, according to Paul Hanratty, chief executive officer at Sanlam Ltd.

As climate change leads to more frequent natural disasters devastating the country, insurance companies are stepping up to adjust to these new challenges for themselves and their policyholders.

A Canadian technology company is using satellite images to build high-precision maps.

Homeowners can make proactive upgrades to save themselves headaches and money, and to avoid unnecessary emissions.

The Demex Group launched offerings that provide financial climate resilience for snow-dependent businesses and property owners.