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Natural disaster and other weather risk management news and information for property & casualty insurance professionals. Tips to prepare and minimize insurance losses, as well as weather-related insurance claim updates.
Incorrect roof age data is a significant concern for P&C insurers, costing $1.3 billion per year in premium leakage, according to CBIZ.
High winds from these storms reportedly cut power to more than 250,000 customers across the south on Wednesday.
Insurance companies are in a unique and powerful position to influence behaviors.
The climate strategy was developed under the coordination of the NAIC's Climate and Resiliency Task Force.
Scott Ewing of AXA XL Risk Consulting discusses modern loss prevention measures for commercial properties.
AI risk assessments may offer more advantages because they give insureds the tools and information necessary to monitor and improve their properties.
There is a 62% chance that a major hurricane will make landfall along the U.S. coastline.
Much like flooding, earthquakes are not typically covered by a standard home insurance policy.
The island nation produces more than half of the world's laptops, motherboards and network devices.
Fortifying the property and understanding the nuances of homeowners insurance coverage mitigates losses for insureds and insurers.