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.
A convective storm front on Wednesday caused six tornado touchdowns in Alabama and Arkansas and hail and wind damage in several other states, reports EQECAT, but 2012 has seen fewer of these storm systems than last year, forecasters say.
Reinsurers should take into account the fact that climate change has boosted natural catastrophes when they price weather disaster insurance, insurer Munich Re said.
Catlin's Seaview Survey shows that coral reefs, the first defense against coastal storm surges, are vanishing. Catlin is sponsoring the Survey to better understand the changes occurring to the planet so better decisions can be made about how to insure developing risks.
Catlin's Seaview Survey shows that coral reefs, the first defense against coastal storm surges, are vanishing. Catlin is sponsoring the Survey to better understand the changes occurring to the planet so better decisions can be made about how to insure developing risks.
A new earthquake and hurricane catastrophe bond being marketed by the Mexican government is likely to be well received by investors eager for higher yields than stocks and bonds offer.
A new earthquake and hurricane catastrophe bond being marketed by the Mexican government is likely to be well received by investors eager for higher yields than stocks and bonds offer.
The insurance industry must play a key role in spurring positive movement on dealing with the environmental issues caused by climate change, says a report from the advocacy group Ceres.