Californias Fires Are Creating Another Problem: Fleeing Insurers
Residents of U.S. towns damaged by wildfires may need to prepare for another repercussion: insurers that decide to cancel policies because of increased risks from more frequent fires.
August 7, 2018
Catastrophe
Property
California
Northeast Coastal Dwellers Uneasily Face The Threat Of Flood Hazards
The prospect of a hurricane tearing up the East Coast through Long Island and Connecticut, hitting Cape Cod and heading up to Maine "is an event that keeps insurance people awake at night," according to Robert DeSaulniers, a flood insurance specialist for the Federal Emergency Management Agencys northeast region.
August 6, 2018
Catastrophe
Property
Connecticut
Maine
Massachusetts
New York
New Insurtech Tools Will Be Put To the Test This Storm Season
The 2018 hurricane season in the Atlantic Ocean and Gulf of Mexico began June 1, and as many Americans are still repairing the damage from last years devastating storms, hurricane preparedness and catastrophic events are squarely in focus.
August 1, 2018
Catastrophe
Risk Management
Technology
National Flood Insurance Program Extended Through Hurricane Season
The U.S. Congress extended the National Flood Insurance program on Tuesday for another fourth months, providing coverage through the hurricane season.
August 1, 2018
Catastrophe
Legislation & Regulation
Property
As California Burns, Many Fear The Future Of Extreme Fire Has Arrived
Roger Gray has lived in his suburban subdivision in a quiet California city for 30 years. On Thursday, it was struck by a jaw-dropping geophysical phenomenon.
July 31, 2018
Catastrophe
Property
California
Harveys Devastating Flooding Boosts Insurance In Texas
Little more than two months before Hurricane Harvey slammed the Gulf Coast of Texas, Alberto Castañeda let his homes flood insurance lapse. He had never filed a claim on the policy in 10 years and he needed the extra cash to expand his restaurant business.
July 30, 2018
Catastrophe
Property
Texas
Drone Use May Save The Insurance Industry Billions This Year
Insurance drone use has been taking off so to speak with each new hurricane season. This year has been no exception. Every year, the tech proves itself in terms of improved safety for claims adjusters while simultaneously lowering costs.
July 10, 2018
Catastrophe
Property
Technology
The Most Powerful Storm On Earth Is Bearing Down On Japan
I think its time to retire Maria as a name for any storm. The name has been wiped from the hurricane list in the Atlantic after Hurricane Maria completely upended life in the Caribbean. But its still on the rolls in the Pacific, where Typhoon Maria is about to make life miserable.
July 10, 2018
Catastrophe
Property
New Program Lessens Flight Restrictions For Drone Use In Catastrophe Response
Drones are no longer just cameras in the sky. Theyre autonomous, artificially intelligent flying machines with the ability to capture sharp resolution of an asset and use machine learning to process data through analytical models. But all of that potential is constantly challenged by regulation.
July 6, 2018
Catastrophe
Legislation & Regulation
Property
Risk Management
Insurance Agencies Push Back On Raters Outlook After Hurricane Irma
Florida Property & Casualty Association, an association of Florida-based home insurers, is disputing claims made by Weiss Ratings, including that, "Many Florida homeowners are still waiting for their insurance claims to come through after a severe hurricane season last year."
July 3, 2018
Auto
Catastrophe
Fraud
Property
Florida
Storm Surge: The Hidden Force Of A Hurricane
As summer approaches along the Gulf and Atlantic coasts, residents prepare for the hurricane season ahead. The Atlantic hurricane season - June through November (though known to start as early as January in past years) - has devastated communities from Texas to New England, resulting in significant recovery costs.
June 25, 2018
Catastrophe
Property
Alabama
Florida
Georgia
Louisiana
Mississippi
Despite A Near-Average Forecast, Hurricane Flooding May Increase
With so many businesses and individuals affected by Hurricanes including Maria, Harvey and Irma in 2017, risk managers and insurers are looking to revised forecasts of this years hurricane season for a glimmer of hope that 2018 will not bring the same destruction.
June 21, 2018
Catastrophe
Alabama
Florida
Georgia
Louisiana
Mississippi
Using AI, Real-Time Data And Social Capital For Disaster Preparedness And Resilience
The insurance industry has been adopting technology at an inspiring rate: Artificial intelligence, machine learning and blockchain enable simpler and faster quotes, more intelligent claims and a friendlier customer experience.
June 20, 2018
Catastrophe
Risk Management
Technology
Catastrophe-Filled Year Exposed Cheating In The Insurance Market
The wave of natural disasters that struck North America and the rest of the world last year led to an increase in insured losses seen in 2016 to $144 billion for 2017, according to a recent Swiss Re report. Yet the catastrophic year also led to a reckoning for property insurance pricing as rates continue to rise.
June 18, 2018
Catastrophe
Risk Management
Climate Change, Extreme Weather Boost Supply Chain Risks
Climate risks are directly connected to supply chain risks that should be identified and mitigated as extreme weather events continue to become more severe and intense and cause rising business interruption losses, experts say.
June 14, 2018
Catastrophe



