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Positive change happens when insurers tackle societal risk head-on. Now, global warming serves up the industry's greatest ever mitigation challenge.
Securitization of catastrophe risks has introduced an new dynamic, prompting insurers, reinsurers and brokers to compete.
Is now the time for a comprehensive overhaul of the NFIP?
According to Bloomberg Intelligence, Dorian's current path threatens counties with average insured values of $53 billion.
The $19 billion bill provides aid to victims of all natural disasters that have occurred since 2017.
A successful subrogation is critical to keeping insurers' costs in line and improving customer satisfaction.
Proactive measures and rapid response are influencing how insurers prepare policyholders for catastrophes.
Under-insurance may well be a national epidemic.
The longer the shutdown lasts, the more uninspected food will enter the supply chain.
Early estimates point to $5-$10 billion total insured losses, with majority borne by reinsurers, according to Morgan Stanley.