Browsing: climate change

A new study examines how insurance companies price wildfire risk and how different strategies can impact premiums, potentially explaining the rising cost of homeowners insurance.

A report reveals that while Florida insurance companies claimed profit losses, their parent companies and affiliates were making billions, raising concerns about the sustainability of the state’s insurance market.

The insurance industry faces a ‘vicious cycle’ due to increasing extreme weather events, potentially leading to unsustainable practices and economic challenges.

The Federal Insurance Office’s (FIO) comprehensive report on homeowners insurance has been met with skepticism from industry groups, who dispute its findings on affordability, availability, and the impact of climate change.

Insurance rates are climbing, and coverage is shrinking. Homeowners and experts are pointing to extreme weather events, driven by climate change, as a key factor.

A new survey reveals widespread worry among Canadians regarding the financial and property impacts of climate change, extreme weather, and disasters, with insurance rates and property damage as top concerns.

As climate change intensifies, the frequency and severity of natural disasters are increasing, leading to soaring insurance costs and leaving some areas virtually uninsurable.

Marsh has named Amy Barnes as global head of energy & power, effective immediately, as the industry supports the net zero transition. Barnes will also continue her role in sustainability and climate strategy.

A recent survey reveals that a significant majority of Canadians are worried about the effects of climate change on their properties and finances, as rising insurance rates become a major concern.

The FAIR plan bailout highlights the instability in California’s home insurance market, driven by escalating wildfire risks due to climate change.