The administration announced it is putting more than $3 billion into two federal programs to help communities deal with floods, wildfires, extreme heat and other problems imposed by climate change.
Insurers are increasing their scrutiny of the age and condition of commercial building roofs and imposing more restrictive terms under property policies, experts say.
The volume of claims litigation in Florida rose in June then declined in July by almost the same amount. But the share of cases that are assignment-of-benefits claims rose to the highest level since early 2021.
Weston Property & Casualty Insurance Co. policies in Texas and Louisiana will be canceled after the Florida-based insurer was ordered to end operations.
A wildfire mitigation designation program has been established, said Faraz Hedayati, research engineer, Insurance Institute for Business and Home Safety.
hen a cognitive bias expert gave the keynote address at a Casualty Actuarial Society meeting in May, he called actuaries the unsung heroes and heroines of their property/casualty insurance organizations.
Aon announced that its Impact Forecasting team will be collaborating to implement the latest climate change science and research into their wildfire catastrophe model.
Vermont farmer Brian Kemp is used to seeing the pastures at Mountain Meadows Farm grow slower in the hot, late summer, but this year the grass is at a standstill.