Natural disasters

Digital Insurance spoke with Mike Causey, North Carolina's Commissioner of Insurance, about conditions on the ground following Hurricane Helene, and his department's work on relief efforts and damage claims.

The horror Helene left in its wake has shocked the city of 94,000, and the inland devastation illustrates a broader danger about hurricanes.

State and federal relief efforts are stepping in to help areas hit by Helene that are not covered by flood insurance.

From Indiana to Florida, more than 3.2 million customers are without power with South Carolina accounting for about 31%, according to PowerOutage.us.

An onslaught of four natural disasters $5.3 billion of insured losses across Canada in just two months — more than any other summer on record.

California ordered home insurers to maintain coverage during the next year for 750,000 customers in four counties ravaged by wildfires that are still burning east of Los Angeles.

As the planet warms and more natural disasters occur, insurers are facing an increasingly difficult time.

Captive insurance, where companies create their own coverage vehicles, is on the rise, according to insurance broker Aon Plc.

The annual loss could rise to $151 billion from the average annual loss of $106 billion reported over the past five years, according to the analysis by Verisk, a risk modeling firm.

Tips for agents as they help consumers navigate the current landscape.