Weather Risk

As data and modeling improve, insurers that serve catastrophe-prone markets become better prepared to respond to global warming.

Only 38% of natural peril losses were covered by insurance during 2021, which saw 50 billion-dollar loss events.

Engineers said a 5.2-foot storm surge would cause 'catastrophic damage to the incomplete and weakened seawall.'

While the NFIP's Risk Rating 2.0 goes further than federal policies have in the past, there is still room for improvement.

Inflation and rising costs for labor and building materials are increasing the possibility for undervalued building replacement costs.

AI insights from aerial images could help insurers to prevent certain risks before they happen. So why don't they use them?