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.
The storm system that produced deadly tornadoes this past week, including the one that leveled Moore, Okla., is expected to cause between $2 billion and $5 billion in insured property losses, according to catastrophe modeler Eqecat.
The storm system that produced deadly tornadoes this past week, including the one that leveled Moore, Okla., is expected to cause between $2 billion and $5 billion in insured property losses, according to catastrophe modeler Eqecat.
The National Resources Defense Council says private insurers are turning away from climate-change risks, sending an unmistakeable signal that such risks are increasing and that costs to society are climbing, but an insurance industry association disputed some of the figures used to arrive at that assumption.
The National Resources Defense Council says private insurers are turning away from climate-change risks, sending an unmistakeable signal that such risks are increasing and that costs to society are climbing, but an insurance industry association disputed some of the figures used to arrive at that assumption.
A relentless drought, tenacious wildfires, extreme weatherover the past year, all of these have plagued the U.S. agricultural business, leading to lingering uncertainty for farmers and the agents and brokers that serve them.
Before Superstorm Sandy struck New Jersey and New York, the storm made a turn to the northwest toward land, rattling the ocean floor and setting off seismometers across the U.S., according to University of Utah researchers.
Before Superstorm Sandy struck New Jersey and New York, the storm made a turn to the northwest toward land, rattling the ocean floor and setting off seismometers across the U.S., according to University of Utah researchers.
Many insurance agents faced the same issues as their clients in the wake of Superstorm Sandy, but they all shared an additional responsibility: to make themselves available to the victims of the storm.