Swiss Re: Mitigating Flood Risk 10x More Cost Effective Than Rebuilding November 18, 2024 Flood damage-related economic losses totaled USD $51.6 billion in 2023, but research shows protective measures can substantially reduce losses, according...
New Hampshire High Court Invalidates Geico Underinsured Claim Provision November 15, 2024 A claim provision requiring insureds to seek underinsured benefits from their auto insurer within three years of an accident is...
Analysis of Hurricanes Helene and Milton Provide Insights on Public and Private Flood Market November 14, 2024 Flooding is a peril that took center stage this year amid an active Atlantic Hurricane season, a fact that’s highlighted...
Mitchell: Growing Parity in Loss Outcomes Between BEVs and ICEs November 13, 2024 Claims from collisions involving battery electric and internal combustion engines rose compared with last year while claims frequencies also rose,...
Containment Increases on California Fire That Has Destroyed 168 Structures November 12, 2024 Firefighters battled strong driving a fast-moving Southern California wildfire that forced the evacuations of thousands of people and destroyed at...
Spain’s Devastating Floods Will Cost Insurers Over $3.8 Billion November 12, 2024 By Macarena Muñoz The floods that devastated the Spanish region of Valencia at the end of last month are expected to trigger total...
Hawaiian Electric Removes Going Concern Doubts After Q3 Loss and Wildfire Settlement November 12, 2024 By Tanay Dhumal Hawaiian Electric reported a third-quarter loss after the utility removed a warning about its ability to remain in business, saying...
The Rise of US Battery Energy Storage Systems and The Insurance Implications November 12, 2024 By Daniel L. Williams and Alex Degan Battery Energy Storage Systems (BESS) development has been looming in U.S. energy markets for several years. Now, as capacity has...
Hurricanes Linked to Higher Death Rates Years After Occurrence November 8, 2024 New research from Stanford University shows that hurricanes and tropical storms in the United States cause a surge of deaths...
Bahamas Raises Alarm on Lack of Cash to Survive Fast-Warming World November 8, 2024 By John Ainger There are major climate finance fights ahead at this year’s COP29 summit in Azerbaijan. The United Nations’ meeting kicking off...