Natural disasters

Ric was founded in 2023 and its first product to market will be rainfall flood, which is slated to go live in 2025.

The most destructive wind storm to strike the Los Angeles area in 14 years is fanning wildfires.

Only 5% of homeowners in designated disaster-assistance areas were required to hold flood insurance, according to the Federal Housing Finance Agency's dashboard.

One part of the plan is a voluntary public-private reinsurance mechanism that would pool private risks across the EU to help backstop weather-related losses.

California adopted a rule that aims to bolster access to home insurance in the state, after several major carriers retreated from the market amid growing risk of wildfires.

Seven out of the 12 biggest home insurers have limited their coverage in California over the past two years; increased fire risk driven by climate change is part of the reason.

Fear and a lack of information can be key contributors to a keeping policyholders underinsured.

Starting Jan. 1, every company in Italy must buy insurance to protect its assets from floods, landslides and other natural hazards.

How insurers can leverage AI, specifically computer vision, to handle both major catastrophic and emerging micro-CAT events.

The Global Shield was launched at the United Nations climate talks in Sharm El-Sheikh, Egypt with the support of the Group of Seven countries, led by Germany in 2022.