Weather and Climate Change Risk

These secondary perils led to a combined $86 billion of insured losses in North America in 2025.

The U.S. accounted for 79% of global insured losses during the first quarter of this year, according to Aon's latest Global Catastrophe report.

Climate experts and insurance leaders discussed how the industry must treat extreme events not just with coverage, but also with technology, proactive mitigation and resilience, at the ClimateTech Connect conference.

New research reveals severe storm effects such as hail, tornadoes and wind have reached $208 billion in global insured losses between 2023 and 2025.

The homeowners insurance market in the U.S. "faces mounting strain from severe climate risk," Benjamin Collier and the other authors said in their commentary.

Cotality's 2026 Severe Convective Storm Risk report reveals that underwriters can no longer rely on historical weather patterns to predict future losses.

According to Swiss Re, 83% of losses were driven by the United States' LA wildfires and severe convective storms.

In a world assailed by extreme weather, homeowners and purchasers need to know their property's vulnerability to wildfire or flooding. Ratings like those Zillow took down are a big improvement on often outdated federal flood maps and state wildfire maps. 

Data and insights from Aon, Verisk and Cotality.

Smart home technology adoption is especially prevalent among Gen Z and Millennials, according to the 2025 Homeowners Report.

Nikki Devlin, CEO and co-founder of RIC, discusses how policyholders can use parametric insurance to recover from extreme weather events as these risks increase.

California's insurance regulator and a consumer advocacy group continue battles over the funding of the state's home insurer of last resort, and other issues.

ACORD's Somesh Mukherjee, vice president of solution architecture at ACORD Solutions Group, shares the complexities of technology used in weather-related claims processes.

Texas Hill Country saw $1.1 billion in property damage to residential buildings, according to preliminary Cotality estimates.

The lessons learned from Hurricane Katrina can be a catalyst to better manage future risks.

State senator Roland Gutierrez points to National Weather Service cuts, and denial of mitigation project funding. Former FEMA administrator says cuts will worsen disaster impact on smaller communities.

Climate resilience efforts such as new flood defense systems and building codes have offset potential insured losses in New Orleans, according to Swiss Re report.

Catastrophe risk information from government bodies and academic institutions would make it possible to insure more homeowners based on more granular assessment, according to insurance industry professionals.

The Insurance Information Institute report calls for a focus on high-quality data to target insurance availability and affordability in wildfire-prone areas of California.

Misunderstandings over flood insurance coverage can be costly for homeowners when damage occurs.