These tools can help underwriters navigate the troubled waters of property catastrophe losses resulting from more frequent and severe natural disasters.
Some insurers have stopped covering climate change-related risks, opening opportunities to the excess and surplus market. E&S and specialty lines are well-suited to it, with dedicated claims and underwriting teams to take on severe weather-related exposures.
The liability linkage between climate change and corporate interests appears to be growing stronger, writes Risk & Insurance editor-in-chief Dan Reynolds. Could this be the start of a new era of cooperation?
This is a call to action. It’s time for baby boomers to shake off the feeling that we have done our work and now it’s time to relax. Whether you’ve been aware of it or not, our generation’s collective lifestyle is causing our planet to be unlivable. Now that we know, we can’t just look… View Article
Taking a leading role in battling climate change is a topic close to the heart of Steve Weinstein, chairman of the Bermuda Business Development Agency.
“We leveraged our wildfire science and aerospace engineering expertise to develop a suite of wildfire models that includes a novel geospatial AI algorithm.”