Catastrophes

11/10/2018 - 1 min read

New report analyzes emerging risks facing property/casualty insurers

Anticipating and understanding new risks is essential to warding off threats and identifying new business opportunities. And now a new Verisk study, Insurance Perspectives on Evolving Risks, gives property/casualty insurers unparalleled insight into today’s evolving risk landscape.

11/9/2018 - 1 min read

Special Hazard Zones capture wildfire risk beyond the flames

When wildfires hit populated areas, flames may not be the only cause of insured loss. Beyond the perimeter of a fire, smoke and ash can damage properties that don’t actually ignite during a wildfire.

11/9/2018 - 3 min read

Aerial imagery, artificial intelligence, and automation on display during 2018 Verisk Risk & Analytics Summit

Aerial imagery, connected cars and homes, artificial intelligence, and automation were just a few of the topics discussed at the third annual Verisk Risk & Analytics Summit, as more than 230 property/casualty professionals gathered to share ways to rethink insurance for a rapidly changing world.

10/24/2018 - 1 min read

WaterLine offers location-specific risk analytics for flood

As growing numbers of U.S. homes and businesses become vulnerable to flooding, private insurers are seeing a potential new pathway for profitable growth—but they need underwriting tools to help them launch or refine programs to cover this risk.

10/16/2018 - 1 min read

Property/casualty insurance industry’s net income more than doubles to $34 billion in first-half 2018

Private U.S. property/casualty insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017

10/12/2018 - 3 min read

Why Hurricane Michael's landfall is historic

Michael will be recorded as the most intense hurricane on record to have struck land in the North Atlantic basin (which includes the Gulf of Mexico and Caribbean) in the month of October.

10/11/2018 - 4 min read

How insurers can take back control of flood risk

The insurance industry has been largely content to let coverage flow through the government’s National Flood Insurance Program (NFIP), with limited availability in the private market, especially for personal property. But that needs to change.

10/4/2018 - 3 min read

Wyoming fires’ growing footprint threatens hundreds of homes

Wildfires continue to burn near the Wyoming/Colorado border, and the largest, most destructive ones—the Roosevelt, Marten Creek, and Ryan fires—are at various stages of containment.

10/3/2018 - 2 min read

October 2018 Preview: Historical Catastrophe Activity

October marks the end of peak hurricane season. While the fourth quarter generally tends to be less active than the third, insurers should still be vigilant in preparing to assist policyholders in case of late-season events.

9/17/2018 - 3 min read

Why climate change and hurricane stalls mean flooding rain

For the second time in the last two years, hurricane precipitation in the U.S. was exacerbated by incredibly slow movement as Florence impinged on the Carolina coastline.

9/5/2018 - 2 min read

September 2018 Preview of Historical Catastrophe Activity

It’s becoming more likely that we’ll have a mild Atlantic hurricane season, as forecasters from the NOAA Climate Prediction Center have raised the likelihood of a below-normal season to 60 percent.