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February was the wettest month Los Angeles has experienced in 26 years, the National Weather Service reports.

The U.S. currently experiences the worst losses, about $97 billion annually, due to its disproportionate share of insured assets.

According to Allianz, businesses are most likely to develop alternative suppliers when working to de-risk supply chains.

Severe weather events are forcing an unprecedented shift in the insurance industry, as the instances of extreme events like, severe convective storms, hurricanes and wildfires gain in frequency and severity.

Sara Kane of CAC Specialty delves into insurance and risk trends in power and renewable energy in 2024.

This year, homeowners in catastrophe-prone areas can expect rate increases of as much as 25%, Alera Group reports.

In 2023, no other asset class produced a better-performing bet for hedge funds than cat bonds.

Hailstorms cause an average of more $1 billion in property damage annually. But hail claims have skyrocketed in recent years.