Risk Management

With fewer than 5% of small businesses carrying flood insurance, FloodFlash has launched a new coverage option that can pay catastrophic flood claims in just hours after a flood event.

The plan would allow insurers to direct more than £100 billion in investment into infrastructure and green energy, according to the Association of British Insurers.

Coastal inundation and extreme heat and wind events could directly impact key routes as well as operations at ports and terminals.

Factors such as the pandemic, a recession and the global economy will affect multiple aspects of the insurance industry in 2023.

Privately insured wind and storm surge losses from Hurricane Nicole are anticipated to range from $1.2B-$1.8B.

Climate change is a risk, and "companies are becoming concerned that large swaths of the US could be uninsurable in the future."

Small businesses face numerous challenges to success and Pie Insurance CEO and co-founder John Swigart shares how the company uses tech-enabled insurance to serve this unique market.

A more connected, digital society also comes with increased cyber risk, and consumers are taking the need for cybersecurity seriously.