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.
New York City Mayor Michael Bloomberg announced an ambitious, multi-decade plan that would put $20 billion toward protecting the city against natural disasters caused by climate change.
Although hurricanes are usually associated with southern coastal states, hurricanes Irene and Sandy proved storm surge is also a big risk for other states.
There is a probability of 96-percent a hurricane of any strength will make landfallwith the usual suspects at the head of the list for landfall, says a team at Colorado State University.
Inundations of claims following events like Superstorm Sandy have left insurance providers scrambling for ways to manage claims and owners of micro businesses wishing theyd invested in better coverageand so-called superstorms are not likely to go away any time soon.
Peter Dailey, vice president and director of atmospheric science at catastrophe modeler AIR Worldwide provides some answers to hurricane-related questions on the eve of this year's season in the Atlantic.
Peter Dailey, vice president and director of atmospheric science at catastrophe modeler AIR Worldwide provides some answers to hurricane-related questions on the eve of this year's season in the Atlantic.
Damage caused by the massive storm system responsible for deadly tornadoes, including the one that struck Moore, Okla., has renewed the argument over a potential link between severe weather and climate change.
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.