Weather risk

The first time a significant catastrophe occurs, it's a black swan, and then it becomes part of the operating environment for risk management.

Matthew Porcelli, a meteorologist at The Weather Company, shares information about how weather data is necessary for insurance companies to provide information to policyholders.

A rare thing is about to happen in the $55 billion market for catastrophe bonds: a trigger event will wipe out 100% of a bond's principal.

The insured costs of Hurricane Melissa's damages to onshore property in Jamaica now range between $2.2 billion and $4.2 billion, according to data firm Verisk Analytics Inc.

Hurricane Melissa thrashed Cuba, unleashing landslides and flooding in the nation's second-largest city.

The dangerous storm was about 50 miles south-southeast of Negril, Jamaica, at the western tip of the island, the US National Hurricane Center said in an 9 a.m. New York time update.

Jay Koh, a private equity veteran and former Carlyle Group Inc. executive, says investors should be paying a lot more attention to the new economy forming around extreme weather.

Budget cuts at the federal disaster agency are forcing insurance carriers to rethink underwriting, reinsurance, and catastrophe modeling, and pivot accordingly.

Solar and wind energy companies protecting against climate-induced losses look to parametric insurance.

Even so-called 'low-risk' zones are now vulnerable to flooding from shifting weather patterns, overwhelmed sewer systems and rapid growth.

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.

The backbone of American property insurance depends on data you've never thought about...until it's gone

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.

David Larson, U.S. head of loss control & risk management services at Ascot Group, on how tech can impact weather forecasting and natural disaster preparedness.

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.

New technologies are helping carriers identify how vulnerable properties are to a wide variety of risks ranging from wildfires to wind, flooding and more.

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.

Predicting environmental risks that follow a major natural disaster represents an untapped opportunity for insurance , according to head of reinsurance firm Swiss Re AG's China unit.

As the U.S. heads into peak hailstorm season, homeowners that have installed solar power face the prospect of chunks of ice damaging their panels.