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.
New York City has yet to see the worst of it. At least thats what a new study by Swiss Re said if a hurricane similar to the one that battered the East Coast almost 200 years ago were to strike today.
An earthquake that struck the California wine country north of San Francisco and flooding in the U.S. last month caused more than $4 billion in economic losses, according to Aon.
S&P says that reinsurers are taking a huge risk by ruling out the potential that climate change is already impacting their exposure to catastrophic losses.