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Floods Are Getting Worse, And 2,500 Chemical Sites Lie In The Water’s Path

Anchored in flood-prone areas in every American state are more than 2,500 sites that handle toxic chemicals, a New York Times analysis of federal floodplain and industrial data shows. About 1,400 are located in areas at highest risk of flooding.
February 8, 2018 Catastrophe Excess & Surplus Lines Liability

Wildfire Damage Assessment Continues In California

The wildfire season in California may be over, but insurers and their customers are still reeling from the aftermath of devastating losses relating to homes, businesses and vehicles.
February 5, 2018 Catastrophe Property California

Natural Disaster Recovery: Who Owns The Risk?

Canadians are not fully aware of their exposure to natural catastrophe risks, triggering a conversation at the C4 2018 conference in Ottawa about who is responsible for shouldering the heavy load of mounting disaster recovery costs.
February 1, 2018 Catastrophe Property

California’s 2017 Insured Wildfire Losses Approaching $12B

Insurance claims from last fall’s deadly California wildfires have reached $11.8 billion, making it the most expensive series of wildfires in state history, an official said Wednesday.
February 1, 2018 Auto Catastrophe Property California

NHC Report On Harvey: Most Significant Tropical Cyclone Rainfall Event In US History

The National Hurricane Center released Thursday its official 76-page report on Hurricane Harvey and its impacts on Texas and the rest of the United States.
January 25, 2018 Auto Catastrophe Property Texas

Canada Starting To Build A “Culture Of Climate Resilience,” Insurers Say

Canada is starting to create a culture of climate resilience, particularly around overland flood risk, says the Insurance Bureau of Canada (IBC), an association of Canada’s home, auto and business insurers.
January 25, 2018 Catastrophe Property

Heroic Adjuster Digs Through Wildfire-Devastated Home To Recover Precious Jewelry

Losing your home is one of the most traumatic experiences a person can go through. There are memories floating in every nook and cranny and sentiment attached to every photo or precious item.
January 24, 2018 Catastrophe Property California

Marsh Warns Of Hurricane Katrina-Scale Losses From Cloud Breach

Cyber exposure shot into focus in 2017. Dramatic events like WannaCry and NotPetya crippled parts of the corporate sector and forced the business world to wake up to the ever-evolving issue.
January 19, 2018 Catastrophe Excess & Surplus Lines Liability Risk Management Technology

Weather Disasters Cost U.S. Record $306B In 2017: NOAA

Weather and climate-related disasters cost the United States a record $306 billion in 2017, the third-warmest year on record, the U.S. National Oceanic and Atmospheric Administration said on Monday.
January 9, 2018 Auto Catastrophe Property

‘Kicking The Can’ Approach To NFIP Reform Is ‘Not Viable’

Those hoping for clarity over the future of federal flood insurance in the United States are still waiting after Congress passed a third short-term extension to the National Flood Insurance Program (NFIP) back on December 22.
January 8, 2018 Catastrophe Legislation & Regulation Property

The 5 Most Expensive Storms In History

The ‘bombogenesis’ storm just hit the eastern U.S., dumping snow and bringing in frigid cold temps. Not only are massive storms dangerous, they are costly.
January 5, 2018 Auto Catastrophe Property

Insurers To Pay Out Record $135B For 2017

Insurers will have to pay claims of around $135 billion for 2017, the most ever, following a spate of hurricanes, earthquakes and fires in North America, according to a report published on Thursday.
January 4, 2018 Catastrophe Property California Florida Texas

On the Ground: Risk Management In A Historic Hurricane Season

A devastating hurricane season left catastrophic damage across the Atlantic basin, with the most severe storms in more than a decade striking the Caribbean and southern United States in close succession. While the year is not yet over, 2017 is already one of the most expensive in history for natural disasters.
December 14, 2017 Catastrophe

Florida’s Citizens Insurance Plans Online Claims Portal By 2018 Hurricane Season

Deluged with phone calls from policyholders after Hurricane Irma, state-run Citizens Property Insurance Corp. is planning to create a self-service online portal in time for the 2018 hurricane season.
December 14, 2017 Catastrophe Property Risk Management Florida

Dangerous Winds Persist As Wildfires Roar In California

LOS ANGELES — The winds aren’t changing for Southern California’s wildfires yet.
The fifth largest blaze in state history was threatening thousands of homes as it churned through coastal mountains amid persistently dangerous weather conditions.
December 12, 2017 Catastrophe Property California
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