Natural disasters

The California FAIR Plan Association, already vulnerable financially, will likely need an assessment of insurers or policyholders as a rescue measure, according to experts.

When it comes to pricing property risk and assessing the impact of severe weather events, catastrophe models are the backbone of the process.

High winds continue to impede firefighters' progress in the Pacific Palisades and Eaton fires.

Bankers are putting pre-established action plans for disaster recovery into motion as wildfires in Los Angeles sweep across the region.

Insurance carriers are using digital content to support policyholders around natural disasters, according to Keynova Group.

Verisk and Moody's are the first two modeling companies to submit their models to the California Department of Insurance. A Verisk executive explained the functioning of their model and what insurers' options are.

A trio of blazes in SoCal have destroyed over 2,000 homes and structures in neighborhoods with average property values well above the national average.

The wildfires add pressure to California's home insurance market, which has faced a growing crisis in recent years.

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.

Climate change is regarded by scientists as the pre-eminent factor driving long-term changes in weather, and the New York region is experiencing a severe drought — the Big Apple experienced its driest October on record.

Risk analytics firm Climate X studied the vulnerability of all NFL stadiums, and the ones most vulnerable to climate damage aren't just those in hurricane areas.