Risk
Risk Remains Despite Billions Spent Mitigating Western U.S. Wildfires
Using chainsaws, heavy machinery and controlled burns, the Biden administration is trying to turn the tide on worsening wildfires in the U.S. West through a multibillion dollar cleanup of forests ...
State Insurance Regulation of Climate Issues ‘Fragmented’: FIO Report
The Federal Insurance Office (FIO) has released a new report analyzing climate-related issues and gaps in U.S. insurance supervision and regulation, saying state regulatory efforts are fragmented and ...
The Latest Wave to Hit Florida: What is a Meteotsunami?
An unexpected culprit toppled beach chairs along the sand at normally calm Clearwater Beach, Fla., last Wednesday. West Coast surfers might snicker at the cause, but the National Weather Service ...
Climate Change Leads to ‘Arctic Opening,’ Creating Key Emerging Risk: Swiss Re
Climate change is the cause of a key emerging risk identified by Swiss Re's SONAR report, which is leading to the opening of previously frozen waterways in the Arctic and the creation of new shipping ...
How Insurance Is Addressing Climate Change Risks
Insurers have come a long way on climate change, but they have a long way to get where we need to be to deal with a more hazardous planet. That was the assessment from Washington Insurance ...
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 ...