Weather Risk

The number of Atlantic storms with magnitude similar to killer Hurricane Katrina, which devastated the U.S. Gulf Coast in 2005, could rise sharply this century, environmental researchers reported on Monday.

Whatever insurers may think about the presence or causes of climate change, one thing is certain: the business climate is changing, rapidly.

Producers representing a broad spectrum of regions and coverage types discuss howif at alltheir businesses are responding to the prospect of changing weather patterns.

The president of Travelers says the increased severity of weather events is forcing the company to increase rate over the long term, regardless of whether or not the climate is changing.

The president of Travelers says the increased severity of weather events is forcing the company to increase rate over the long term, regardless of whether or not the climate is changing.

Allstate has upped its projected losses from Superstorm Sandy to about $1.12 billion, but the insurer's CEO says the company has paid about 98 percent of submitted claims.

Allstate has upped its projected losses from Superstorm Sandy to about $1.12 billion, but the insurer's CEO says the company has paid about 98 percent of submitted claims.

California is one of the three states, along with New York and Washington, that has initiated the joint administration of a survey asking all insurance companies writing more than $300 million in direct written premium to discuss the steps they are taking to address climate change.