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Parametric Solutions Are Rising In The Risk Mitigation Ranks

Parametric Solutions Are Rising In The Risk Mitigation Ranks

At the beginning of 2019, the Moroccan government implemented a law to help its citizens recover from damages caused by natural catastrophes.
August 17, 2021 Catastrophe Property

Over $3B Paid Out for Derecho Claims, Iowa Regulators Urge Extensions to Deadlines

Over $3B Paid Out for Derecho Claims, Iowa Regulators Urge Extensions to Deadlines

Last summer’s destructive derecho has been labeled the costliest thunderstorm in U.S. history, and the staggering price to repair and reconstruct damaged communities in the path of the rare inland hurricane is bearing that out.
August 11, 2021 Catastrophe Property Iowa

Insurance Claims From Last Hurricane Season Reach $10B in Louisiana

Insurance Claims From Last Hurricane Season Reach $10B in Louisiana

Louisiana home and business owners have filed $10 billion in claims for damage caused by hurricanes and tropical storms in 2020, state figures show.
August 10, 2021 Catastrophe Property Louisiana

Over 100 California Homes Razed by Wildfires, Some Residents Missing

Over 100 California Homes Razed by Wildfires, Some Residents Missing

Two Northern California wildfires have destroyed dozens of homes, left people unaccounted for or injured and prompted additional evacuations Thursday -- all in less than 48 hours.
August 6, 2021 Catastrophe Property California

Atlantic Hurricane Season Forecast Reduced Slightly

Atlantic Hurricane Season Forecast Reduced Slightly

Colorado State University (CSU) hurricane researchers have slightly reduced their forecast for 2021 Atlantic hurricane activity in an August 5 update.
August 6, 2021 Catastrophe

1-In-100-Year Floods Happening So Often, The Term May Change

1-In-100-Year Floods Happening So Often, The Term May Change

Recent deadly flooding events around the world are evidence of the planet’s changing relationship with precipitation as global temperatures continue to warm, according to environmental experts.
August 5, 2021 Catastrophe Education & Training

As Nat Cat Losses Mount, a Resilience Mindset Matters More Than Ever

As Nat Cat Losses Mount, a Resilience Mindset Matters More Than Ever

Insurance is essential for individuals, businesses, and communities to recover quickly from natural catastrophes ‑ but perils have evolved to a point at which risk transfer, though necessary, isn’t enough to ensure resilience.
July 23, 2021 Catastrophe Legislation & Regulation Risk Management

German Floods Show Climate Change Challenge for Homeowners Insurers

German Floods Show Climate Change Challenge for Homeowners Insurers

Analysts at Moody’s have labelled the recent catastrophic flooding in Germany as a ‘consequence of climate change,’ and warned that German insurers could find it challenging to protect homeowners against climate risk in future without significant price increases.
July 22, 2021 Catastrophe Property

Billions in Damages From Catastrophic Central European Flooding

Billions in Damages From Catastrophic Central European Flooding

Central Europe’s worst flooding in many decades has left the region in shock, with corridors of destruction carved across the landscape of western Germany and eastern Belgium.
July 21, 2021 Catastrophe

Progressive Hiring Nearly 3000 for Claims Positions Nationwide

Progressive Hiring Nearly 3000 for Claims Positions Nationwide

Progressive Insurance announced it plans to hire over 6,000 new employees across the nation and some of the openings are in the Cleveland area.
July 8, 2021 Auto Catastrophe Education & Training Liability Property

You Thought Superstorm Sandy Was Bad? We Could Well Be Facing a Superstorm of Risk

You Thought Superstorm Sandy Was Bad? We Could Well Be Facing a Superstorm of Risk

In 2012, Hurricane Sandy impacted communities from Jamaica to Quebec, resulting in over 70 billion dollars in damage and 147 fatalities.
June 14, 2021 Catastrophe Property

Hurricane Season Expected to be Above Average, But Forecast Models Are Improving

Hurricane Season Expected to be Above Average, But Forecast Models Are Improving

During the record 2020 Atlantic hurricane season, something happened that many people overlooked -- hurricane forecasts improved. And that saved lives.

June 14, 2021 Catastrophe Technology

US Insurers Face Multi-Billion May Storm Damage Claims

US Insurers Face Multi-Billion May Storm Damage Claims

US property insurers and possibly some of their reinsurance providers are facing high-costs from severe storms and convective weather in May, with multi-billion dollar payouts expected by Aon’s Impact Forecasting unit.
June 11, 2021 Catastrophe

After the Pandemic: Positive Takeaways and a Look at the Claims of Tomorrow

After the Pandemic: Positive Takeaways and a Look at the Claims of Tomorrow

We were knocked down, but we got back up. When COVID-19 caught the world—including the construction and insurance industries—off balance in early 2020, no person or industry was spared from the direct impacts.
June 10, 2021 Catastrophe Technology

Three More Florida Property Insurers Cancel Policies

Three More Florida Property Insurers Cancel Policies

Three Florida property insurance companies have added their names to the list of insurers that have been cancelling policies in the state due to hurricane claims.
May 20, 2021 Catastrophe Risk Management Florida
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