Risk
What is a Heat Dome? Beyond Texas, Where are Scorching Temps Headed?
Scorching temperatures brought on by a "heat dome" have taxed the Texas power grid and threaten to bring record highs to the state before they are expected to expand to other parts of the U.S. during ...
How to Characterize Emerging Risks for Liability Modeling
This is the second part of a two-part article. In the first part, we defined a framework that can be used to classify both systemic and emerging risks. Here, we focus in on how this framework can be ...
How to Model Systemic and Emerging Risks for Liability Risk Management
While insurers' use of models to analyze and quantify risk is well established in the property space, it's becoming increasingly important in the casualty space. The use of models in this area has ...
Strategic Portfolio Management Needed to Address Wildfire Risk
Economic losses from wildfires remain a concern for 2023, despite last year's average season, according to a new report by Gallagher Re. Climate change, shifting weather patterns and homes that ...
Titan Sub’s Unique Design May Have Destined It for Disaster
The deadly implosion of the Titan submersible raises questions about whether the vessel exploring the Titanic wreckage was destined for disaster because of its unconventional design and its creator's ...
Court Rules U.S. Must Pay For Contributing to 2011 Mo. River Flooding
The U.S. government may have to pay tens of millions of dollars—or more—to landowners along the Missouri River after a court ruled it worsened flooding there since 2007 that killed crops and ...
Viewpoint: Why Activists Should Rethink Hard Insurance Exits From Fossil Fuel Underwriting
Insurers play an important role in helping protect families, businesses and communities as our economy transitions to a greener energy future. However, those protections are coming under increased ...
InsurTechs Need to Prioritize Data, Resilience to Tackle Climate Challenges
Swiss Re estimated in its latest sigma report that in 2021, natural catastrophes resulted in total global economic losses of $270 billion. The level of insurance coverage for these climate related ...