Browsing: risk mitigation

Insurance costs are rising sharply across the United States, with some states experiencing premium increases of over 40%. Communities are working to mitigate risks through measures like home hardening and fire-resistant materials, but insurers are not always recognizing these efforts when determining coverage.

Brokers are pushing for insurers to back new fire-resistant paint technology to mitigate bushfire risks and reduce premiums for property owners in high-risk areas.

Niall Edwards joined the Insurance Post podcast to share insights on insuring autonomous vehicles and mitigating risks for policyholders.

The OIC’s 2023 Wildfire Symposium, part of the Climate Summit Series, examines the impact of wildfires on Washington state’s insurance market, discussing risks to consumers and potential mitigation strategies.

An exploration of the challenges facing the homeowners’ insurance market, driven by rising costs and climate change, and potential policy responses.