Weather Risk

As the most urgent concern for the worldwide live event industry, there is simply no time to waste in developing concrete solutions to better protect customers, performers and vendors.

Chemical companies are pressing federal officials to spend billions of dollars on a coastal flood control system near Houston to protect petrochemical plants, oil refineries and shipping infrastructure from the next hurricane.

While the wind and the snow are fierce, coastal flooding could be the worst aspect of the storm.

Agents and brokers, insurers and policyholders have all learned from 2017's unrelenting hurricanes and wildfires, and will carry that knowledge with them going forward.

Flood insurance reform discussions include issues around resilient cities and local communities, the NFIP and private flood insurance markets.

With the rise of Insurtech, insurers now have a plethora of tools to assist in field information gathering. This includes the use of apps, SaaS solutions and drones.