A recent Society of Actuaries survey found that climate change was the top emerging risk cited by respondents, and the most recent "Weather, Climate & Catastrophe Insight" report from Aon finds that natural disaster events resulted in economic damage of $232 billion in 2019, of which only $71 billion was covered by insurance.
The increasingly dire situation is creating tremendous opportunities for commercial property insurers.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
