It’s been five years since the last update and scientists say the implications for quake risk and insurance across the US are significant.
https://www.riskmarketnews.com/updated-usgs-quake-model-includes-substantial-changes/Updated USGS Quake Model Includes “Substantial” Changes
It’s been five years since the last update and scientists say the implications for quake risk and insurance across the US are significant.
The head of Climate Change Solutions at Munich Re says the nature of catastrophic losses are changing and the reinsure's approach to modeling is responding.
https://www.riskmarketnews.com/model-qa-munich-res-caoimhe-adams/
Q&A: Munich Re’s Caoimhe Adams
The head of Climate Change Solutions at Munich Re says the nature of catastrophic losses are changing and the reinsure's approach to modeling is responding.
Schiff, who is also the leading Democratic candidate for Senate, joined other progressives in calling for a federal all perils backstop.
https://www.riskmarketnews.com/schiff-introduces-bill-for-a-50b-federal-catastrophe-reinsurance-program/
Schiff Introduces Bill For a $50B Federal Catastrophe Reinsurance Program
Schiff, who is also the leading Democratic candidate for Senate, joined other progressives in calling for a federal all perils backstop.
Bank of Canada Says Data Limitations Cloud Housing Flood Risk Outlook
New analysis says that banks with residential housing loans can withstand increased flood risk, but the insurance-based data could be “smoothing” the risk.
Bermuda Insurers Ramp Up Capital to Cover Model Error
New data shows that users of in the global insurance domicile are increasingly hedging their bets against catastrophe model predictions.
Natural hazard models will see huge benefits from the rise of Artificial Intelligence (AI) but in order to compete the United States needs to address some fundamental issues around its development
https://www.riskmarketnews.com/us-says-natural-hazard-models-need-ai-despite-challenges/US Says Natural Hazard Models Need AI, Despite Challenges
Leveraging private market expertise is one solution the US government is mulling.
New Plans to Dismantle The Government's Catastrophe Insurance and Weather Science Infrastructure
Flood insurance to hurricane forecasting would be privatized under a new GOP administration, and weather service employees would be monitored for "obstructionism."
Property insurers have several suggestion for updating the National Risk Index, as well as some ideas for the industry’s $1.9 trillion in maturing bonds.
https://www.riskmarketnews.com/insurers-reinsurers-want-a-mix-of-data-updates-and-tax-breaks-in-climate-resilience/
Insurers, Reinsurers Want a Mix of Data Updates and Tax Breaks In Climate Resilience Implementation
Property insurers have several suggestion for updating the National Risk Index, as well as some ideas for the industry’s $1.9 trillion in maturing bonds.
Life Insurer’s Climate-Related Investment Losses Are a Bigger Threat Than P&C Sector’s Storm Losses
In a new report Federal Reserve researchers say a one-two punch of physical and transition risks are pushing all sides insurers balance sheet, but life insurers face the greatest threat.
