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Property and inventory owners that are situated well inland may very much be at risk during a hurricane. Superstorm Sandy proved that.
Soaring losses have underwriters raising rates while backers insist on greater coverage. Developers are caught in the middle.
Farmers Insurance is on the hook for $25 million after the Oklahoma Attorney General alleged the insurer’s earthquake policy violates the Oklahoma Consumer Protection Act.
AIR Worldwide has updated its hurricane and wildfire models to get more granular insight on long-term climate risk.
After a damaging winter storm in 2011, officials in Texas received recommendations on weatherizing the state’s grid. Those recommendations were not followed, and in 2021, Texans paid a big price.
It will come as no surprise to learn that the COVID-19 pandemic was by far the biggest concern for the respondents to the WEF’s annual survey.
The frightening superlative given to fires that reach one million acres burned could become part of the risk lexicon as wildfires get larger.
Growth in the surplus market will continue as companies facing new exposures look for coverage flexibility and rate relief.
Existing flood maps consistently underestimate exposure, but the industry is determined to build better models.
Despite significant losses related to the COVID-19 pandemic, the P&C market remains solvent and stable.
A recent study found that the San Andreas fault has a 1 in 87 probability of producing a major quake within the next year.
Preparation and action that takes place now can help businesses become more efficient, effective and resilient to natural catastrophes and similar crises in the future.
A recent report from the Natural Wildlife Federation and Allied World takes a look at how natural features can be used to reduce the amount of damage caused by Nat CATs.
The impending hurricane season is expected to be very active. Risk managers already busy fighting COVID-19 will have to redouble their efforts.
A Butler University Risk Management professor is urging Congress to pass a pandemic risk insurance backdrop.
The financial pressure on risk managers and businesses to address flooding risk in the wake of climate change is mounting. Here are a few ways to start.
As the effects of climate change increase in severity, world financial leaders debate over just how much the crisis is affecting the global economy.
1,680 of the nation’s high-hazard dams are in risky condition. When they break they endanger people, interrupt businesses and cause massive property damage.
In an environment where it is impossible to be prepared for every consequence of every event, business leaders instead need to practice the art of thinking strategically in a pinch.
In an unpredictable risk landscape, businesses need a dynamic and fluid response strategy. Here are four key trends that are dramatically affecting private risk profiles.