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Merck was stunned when most of its insurers denied cyber coverage. Why? Because its policies excluded another risk: an act of war.
Three factors, in particular, have influenced the evolution and growth of the flood insurance industry this year.
Data shows how the increased frequency of severe weather events has impacted auto damage losses.
In total, natural disasters caused $225 billion in economic losses globally in 2018.
Triage resources with real-time insights from aerial full-motion video can help firefighters better understand the behavior of wildfires.
For insurers, a key concern is whether the catastrophe models used accurately reflect the influence of climate change.
If retirees' homes and possessions are poorly covered by P&C insurance, they may face significant financial losses.
Idai is equivalent to a Category 3 storm on the Saffir–Simpson scale, packing wind gusts of up to 144 miles per hour.
Wildfires have been naturally present in Chile for centuries, but are growing larger and more intense.
The world's driest desert is flooding and some of the planet's wettest woodlands are burning. Welcome to summer in Chile.