Catastrophe & Restoration

Swiss Re Chairman Jacques de Vaucleroy believes more expensive insurance will have beneficial effects.

'If a fire were to start now that involved one of our power lines, it would likely bankrupt the utility.'

Home insurance prices nationwide are up nearly 38% since 2019, according to Lending Tree.

The first half of 2024 laid bare the catastrophic extremes that now characterize the global, rapidly changing climate.

Relentless rainfall battered South Florida this week and resulted in flooded roads, canals, cars and homes.

Van Bebber (Vb-type) cyclones are responsible for some of the region's most severe flood events.

Non-weather-related water damage costs insurers about $13 billion a year.

However, replacement costs are still unusually high and most carriers may not yet notice the moderation.