Nigeria insurance stocks gain most in almost 20 years on new law
A gauge for the sector on the Lagos-based Nigerian Exchange has risen 41% this week, according to data compiled by Bloomberg.
Homeowners paying more for less insurance
More powerful storms and pricier building costs are behind the increases in premiums, said the report’s authors.
Distrust is a barrier to insurance adoption
Insurance companies must rebuild transparency with the people and businesses they serve.
Ascot’s head of loss: Weather forecasting, hurricane season
David Larson, U.S. head of loss control & risk management services at Ascot Group, on how tech can impact weather forecasting and natural disaster preparedness.
Insurance group seeks collaboration to cover disaster losses
Collaboration between the public and private sectors, beyond just insurance, is essential to narrowing the protection gap.
20 states sue FEMA over cuts to disaster prevention program
States warn that eliminating the BRIC program could leave rural areas vulnerable to extreme weather.
Insurers paid $1B in lightning claims: Triple-I
The cost is down 16.5% from last year, according to The Insurance Information Institute.
California is running out of safe places to build homes
The state forecasts eroding coastlines will endanger $18 billion of existing homes and commercial buildings in the coming decades.
Toxic smoke damage in LA homes deepens insurance nightmare
The state’s insurer of last resort is facing an investigation by the California Department of Insurance as well as lawsuits from policyholders.
Homeowners battle insurers over $2.9T climate risk
Because of its soil and its status as the world’s fastest-warming continent, Europe is particularly exposed. The European Central Bank estimates the region’s potential damage from sinking land at more than €2.5 trillion ($2.9 billion) across all euro-area financial institutions.
