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The U.S. currently experiences the worst losses, about $97 billion annually, due to its disproportionate share of insured assets.
The racketeering and extortion charges each carry a maximum sentence of 20 years.
This year, homeowners in catastrophe-prone areas can expect rate increases of as much as 25%, Alera Group reports.
Here is some of what you may have missed during Day One of the Complex Claims & Litigation Forum in Las Vegas.
Hailstorms cause an average of more $1 billion in property damage annually. But hail claims have skyrocketed in recent years.
The association will continue advocating for pre-disaster mitigation funding and offering state regulators scenario analysis resources.
Protecting their property may be more expensive and complicated than it used to be.
The National Weather Service predicts 48-hour rain totals in some areas of Southern California could reach 8-14 inches.
Climatologists say atmospheric rivers are becoming longer, wider and wetter. Increased flooding is the result.
New tech will facilitate a large-scale infrastructure upgrade to the nation's electricity system to protect it from increasing vulnerability to extreme weather.
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