Weather Risk

IAG, Australia's largest insurer, reported that claims from the bushfire crisis have pushed them over budget by $80M.

Driven by strong winds and searing temperatures, the blazes are forcing thousands to shelter on beaches or flee wildfire-ravaged areas by boats.

Flood risk continues to outpace the number of homes and businesses with flood insurance. Two trends could help close the coverage gap.

Preliminary results indicate that 2019 could cost insurers less than previous years.

Insurance advocacy groups PIA, NAMIC and the Big 'I' applauded the passage of 3 key policy provisions in H.R. 1865.

The government is liable for flood-related damages that occurred during the second-costliest storm in U.S. history, a judge ruled.