Facing economic and climatic challenges, commercial property owners can take these steps to mitigate risk and appeal to insurers.

A recent Bloomberg Intelligence report warns insurers of potential severe space storms, capable of disrupting communications and power grids, posing greater risks than catastrophic hurricanes.

CoreLogic’s 2024 Hurricane Risk Report details the potential impact of hurricanes on U.S. Gulf and Atlantic states, emphasizing the need for updated risk assessments to ensure effective preparation and mitigation.

As hurricane season begins, businesses should utilize data analytics and strategic planning to prepare for potential storm impacts and streamline claims processing.

UC Berkeley’s landscape design competition, highlighting the importance of wildfire resilience for Wildfire Awareness Month, has announced its winners.

Florida’s property insurance market is beginning to stabilize thanks to new legislation aimed at reducing litigation and increasing market competition, following years of hurricane-induced losses and financial struggles.

Powerful storms swept through Texas on Tuesday, causing over 750,000 power outages and significant damage, especially in the Dallas-Fort Worth area, with further severe weather expected throughout the day.

This year’s wildfire season is projected to be less intense than usual, but those in high-risk areas must remain vigilant and prepared for potential damage.

NOAA forecasts an above-normal 2024 Atlantic hurricane season driven by La Nina and warm ocean temperatures, with an 85% chance of higher than average storm activity.

Catastrophe bond and insurance-linked securities issuance surpasses $10.9 billion in H1 2024, setting new records with more deals expected.

The Global Sustainability Insurance Summit in Los Angeles highlighted how insurance plays a pivotal role in enhancing resilience against natural catastrophes.

New research reveals seawater intrusion beneath Greenland’s Petermann Glacier as a key factor in its rapid melting, potentially leading to greater sea level rise than previously estimated.

In the two decades since Florida’s devastating 2004 hurricane season, insurers have significantly improved their response strategies and technology, enhancing preparedness and resilience against future storms.

With the Atlantic hurricane season approaching, experts predict a 75% chance of a major hurricane hitting Florida, potentially leading to $200 billion in insured losses, the highest risk since 1992.

Despite a $3 billion fund set aside to stabilize Florida’s property insurance market, most of the money remains unused, though there are modest signs of market improvement amid ongoing high costs and insurer challenges.