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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 United Nations estimated 10,100 people remained unaccounted for while an investigation into what caused the collapse of two dams is ongoing.
Wholesale insurers are empowered by the ability to respond to catastrophes with appropriate risk-based pricing.
Verisk reports that severe thunderstorms have accounted for more than 70% of insured losses in 2023 so far.
The country's natural catastrophe insurance pool reportedly has a limit of $275 million in excess of $25 million.
More than 8% of Louisianans were displaced by a natural disaster last year, compared to a nationwide average of 1.6%.
Reports from Karen Clark & Company delve into initial estimates of the damage caused by Hurricanes Hilary and Idalia.
According to Moody's, 44% of the state's homeowners business belongs to the top 10 Florida-only insurers.
Environmental Impairment Liability (EIL) coverage is becoming integral to a risk manager's insurance strategy.
Although lawsuits are being filed, no wrong doing by Hawaii Electric has been found at this time.
The NICB reports that as much as $10 billion in disaster insurance payments was lost to contractor fraud in 2022.
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