1+ week, 4+ day ago   (283+ words) Thailand plans to provide government-funded disaster insurance to about 30 million households in high-risk areas, while seeking to shift some of the growing cost of floods and other catastrophes to private insurers. The government on Tuesday approved a 15.5 billion baht ($467 million)…...

3+ week, 2+ day ago   (426+ words) A California agency on Wednesday approved long-delayed regulations designed to protect homes from wildfire, but they’re less stringent than defenses recommended by scientists and firefighters. The new rules, which apply to about 2 million homes, were mandated by a 2020 state law…...

3+ week, 4+ day ago   (247+ words) Extreme heat and unreliable water supplies are threatening asset valuations across a growing number of sectors as everything from labor productivity to energy costs gets impacted, according to an analysis by Moody’s. “Heat and water are no longer separate perils…...

1+ mon, 33+ min ago   (500+ words) The peak of tornado season may be behind us, but the eastward expansion of what has been traditionally known as tornado alley into more populated areas may continue raising awareness of the growing insurance risk long for some time. Record…...

1+ mon, 1+ day ago   (468+ words) As Europe comes to grips with its fifth heat wave of the year, the research arm of Swiss Re AG is warning of far-reaching consequences. “Record heat underscores Europe’s chronic heat risk,” the authors of the Swiss Re Institute report…...

1+ mon, 1+ week ago   (1004+ words) Europe’s insurers are bracing for a new era of catastrophe risk fanned by rising temperatures in the world’s fastest-warming continent. Insurers, reinsurers and brokers contacted by Bloomberg are already predicting increased premiums and bigger losses tied to natural catastrophes. Importantly,…...

1+ mon, 2+ week ago   (874+ words) or insurers, the periodic El Niño climate phenomenon has traditionally lowered the risk of costly Atlantic hurricanes, but decades of population growth along coastal areas and rising property values are forcing them to rethink that assumption. Marked by warmer-than-average sea…...

1+ mon, 2+ week ago   (580+ words) This article is part of a sponsored series brought to you by Cotality. View Series Areas like New York City can cause a massive headache for insurers during hurricane season — often surpassing the challenges brought on by the perhaps bigger…...