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.
A new report raises the question of whether climate change will make the cost of flood insurance unaffordable for many people by the end of the century.
A new report raises the question of whether climate change will make the cost of flood insurance unaffordable for many people by the end of the century.
Insurance claims for flood damage in Germany may be as much as $8 billion, catastrophe modelling firm AIR Worldwide said on Thursday, after the worst flooding in a decade.
The Oklahoma Insurance Department says insurance claims from a series of tornadoes in May jumped to 70,782 with insurance payments reaching close to $562 million.