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As Americans face a record-breaking year of severe weather events, the focus turns to building codes and preparedness.
Weathering the storm: Commercial property owners can be proactive in this unprecedented hard market.
Natural disasters continue to be the leading driver of business interruption claims, Allianz reports.
The federal maps are static and only periodically updated by the Federal Emergency Management Agency.
There are real concerns and risks with adopting an AI solution too quickly.
The U.S. has experienced a record-high 25 disasters this year that have generated at least $1 billion in damages each.
Many policyholders would find even a short ALE extension meaningful, the state insurance commissioner said.
Victims were left without coverage and one policyholder suffered a $1 million loss during the period.
The Swiss Re Global Cat Bond Performance Index is up 18%, while the Bloomberg U.S. Treasury Index has dropped about 1%.
Many insurance professionals are weathering today's unprecedented market hardening for the first time.