FM’s deep risk engineering experience should serve Dempsey and his team well.

Wildfires and severe convective storms accounted for 99.9% of North America’s $90 billion in natural catastrophe insured losses, according to Swiss Re data.

In this fictive scenario, a thriving boutique owner’s dream goes up in flames when a hidden electrical hazard and an overlooked insurance gap combine to deliver a devastating financial loss.

Geoeconomic confrontation, cyberattacks, extreme weather and aging systems are amplifying risks across essential infrastructure networks, according to a Gallagher report.

Global insured losses from natural disasters totaled $20 billion in the first quarter of 2026 — 26% below the 10-year average — according to Gallagher Re’s latest Natural Catastrophe and Climate Report.

Global insurance rates declined for the seventh consecutive quarter in early 2026, driven by property rate drops and persistent insurer competition, Marsh reports.

The rapid expansion of solar photovoltaic farms into hail-prone regions is creating new underwriting challenges that demand better risk modeling and mitigation strategies, according to Gallagher Re and AXIS.

Global economic losses from natural disasters reached $37 billion in the first quarter of 2026, well below the 21st-century average, while insured losses tracked near historical norms, according to Aon.

A year-end analysis of ClaimSearch data by Verisk found that quieter weather drove broad declines in claims activity even as the Los Angeles wildfires became the costliest on record.

Only 7% of property insurance carriers have achieved scalable AI success in claims operations, according to a Sedgwick report.

The E&S market surpassed $100 billion in direct premiums written for the first time in 2025, but its growth rate fell to 7.8% — the lowest in eight years, according to S&P Global Market Intelligence.

Construction costs for a single data center location can exceed $20 billion — double once technology is installed — creating concentration exposures in catastrophe-prone areas, according to Swiss Re Institute.

Cumulative losses from severe convective storms now exceed those from hurricanes, challenging the traditional classification of these events as ‘secondary perils,’ according to Allianz Commercial.

Softening property rates and stable capacity define the public entity landscape, though litigation and disaster aid changes could shift the burden to state and local governments, according to Amwins.

Secondary perils accounted for a record 92% of global insured natural catastrophe losses in 2025, and trend-line projections point to $148 billion in 2026, according to Swiss Re Institute.

Insurance risk leaders face near-term economic pressures while bracing for AI-driven risks, according to Emerging Risk Survey by Casualty Actuarial Society and Society of Actuaries.

Moderation in price increases offers respite after years of substantial rate increases, WTW survey shows.

Sentry survey reveals dangerous disconnect between executives’ top concerns and threats that could prove catastrophic to their companies.

Favorable pricing in property insurance contrasts sharply with mounting challenges in casualty coverage across the real estate sector, according to Lockton.

The 2026 FM Resilience Index reveals that emerging physical risks — particularly water stress and fire hazards — are creating blind spots for businesses planning expansion and operations.