Weather Risk

As temperatures plummet across the country this week, it's important to remember that extreme weather and climate events are a natural part of the Earth's climate system. Nonetheless, as the NOAA notes, extreme weather and climate events can have significant impacts on our lives and on the environment.

Fracking is not something to be exploited and profiteered overnight, but rather the next phase of American energy growth. And gaining a clear picture of the risks involved will go a long way in informing insurers' grasp of this often-misunderstood practice.

While property and casualty insurers face market conditions and additional obstacles that may be outside of their control, that doesnt mean they dont have the ability to shape their own destinies.

Worldwide insured losses came to $31 billion, with the United States leading the pack even though U.S. losses were far below the 2000-to-2012 average of $29.4 billion.

AIG's Peter Hancock lists climate change, cyber insurance, alternative capacity and public-private risk transfers as trends to watch.

When comparing member QCs logged in 2011, 2012, and 2013, the NICB noticed a 24-percent uptick.