Northern California grapples with flooding and tornadoes, while Southern California battles wildfires and heat in an unprecedented stretch of extreme weather linked to La Niña and climate change.
Swiss Re executives outline key challenges for the re/insurance industry in 2025, including geopolitical instability, rising natural disaster losses, social inflation, and opportunities in life insurance growth.
The Senate Budget Committee attributes rising non-renewal rates to climate change, but insurance experts highlight other drivers like inflation, litigation, and overbuilding.
Consumer and environmental groups urge the Federal Insurance Office to release nationwide homeowners insurance data collected by NAIC to address the evolving insurance crisis linked to climate risks.
As climate risks increase due to more frequent and severe weather events, businesses must adopt resilient strategies to protect operations, assets, and supply chains.
Dynamic pricing powered by AI, IoT sensors, and telematics is revolutionizing insurance by enabling real-time premium adjustments based on market trends and customer behavior.
Modernized building codes can significantly cut disaster recovery costs, but inconsistent adoption across states remains a major challenge as climate risks grow.
The global insurance industry faces inflation, natural disasters, and shifting demographics but finds opportunities for innovation and expansion into emerging markets.
A new report highlights how emerging risks like severe weather and fraud are testing U.S. P&C insurers, urging faster adoption of AI and aerial imagery technologies to stay competitive.
The 2024 Atlantic hurricane season, marked by record Florida landfalls and extreme storm activity, ranks among the most impactful in recent history, Howden Re reports.
Over 33,000 U.S. homes face extreme risks from three natural disasters, exposing gaps in insurance coverage and highlighting the urgent need for multi-peril resilience planning.
Fragmented data sources and limited integration are stalling the insurance industry’s ability to address climate risks, experts emphasize at the Global Insurance Forum.
MIT researchers combine generative AI and physics models to create realistic satellite images of future floods, enhancing readiness and emergency planning.
