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PROPERTY INSURANCE AND HURRICANES
Why El Niño's promise of a quieter hurricane season may not guarantee good news for insurersEl Nino traditionally lowers hurricane risk for insurers. However, coastal growth and rising property values change this assumption. Even q...- India's GIC Re plans to reduce share of overseas property risk as climate losses riseIndian reinsurer GIC Re is strategically shifting its overseas business focus. Amidst escalating climate-related losses globally, the compa...
- A stock trader’s guide to navigating rare ‘Super El Niño’As fears over the Iran conflict ease, investors are turning their attention to climate risk, with a potential “Super El Niño” emerging as a...
- Houston flood maps update: FEMA draft shows bigger flood zones, higher risk for homeownersNew FEMA flood maps for Houston show bigger flood risk areas after many years. The update may put more homes into high-risk flood zones. Th...
- Louisiana homeowners can claim $10,000 in “Free Money” for roof upgrades – Here’s how to applyLouisiana homeowners now have the chance to get up to $10,000 in free grants through the Louisiana Fortify Homes Program. Established to su...
- Tropical Storms Humberto and Imelda track toward Southeast US coast as hurricane threatsTropical Storms Humberto and Imelda show potential to strengthen into hurricanes affecting Southeast US homeowners from Florida to New Engl...
- Hurricane Erin 2025 turns deadly? NHC's urgent warning of flash food, heavy rainfall as these US states are at riskHurricane Erin 2025 rapidly intensified into a Category 5 storm over the Atlantic before weakening slightly. While not expected to make US ...
- Natural disasters caused $135 bn in economic losses in first half of 2025: Swiss ReSwiss Re reports that natural disasters caused $135 billion in global economic losses in the first half of 2025, significantly higher than ...
- How much does a heat wave cost? Insurers and CEOs want to knowAs extreme heat events intensify, financial risks are becoming more apparent, prompting the development of heat-hazard modelling and hedgin...
- Insurance tech company Slide aims to raise $340 million in US IPOSlide, along with some existing stakeholders, is looking to raise $340 million in the IPO, joining a lineup of impressive stock market debu...
- Los Angeles fires' economic toll goes far beyond destroyed homesThe most straightforward component of damage is the number of structures damaged or destroyed, currently about 12,000. That's fewer than th...
- Renewable energy offers a cost and opportunity to insurance sectorRenewable energy insurance premiums have surged by 20%-40% as insurers grapple with substantial claims from natural disasters. Unforeseen w...
- Idalia intensifies into a 'catastrophic' storm: Here is how to stay safe, prepare for hurricane season and evacuationsAs hurricane season approaches, it is essential to be well-prepared for potential natural disasters. The US National Hurricane Center has r...
- Disaster by the bay: Six worst natural catastrophes of 21st centuryTexas was hit by the Great Galveston Hurricane on September 8, 1900, leaving about 12,000 dead. It remains the deadliest natural disaster i...
- Climate change is hurting insurers: ReportInsured losses from natural catastrophes have increased 250% in the last 30 years, with perils such as wildfires and storms, seen as partic...
- Digit Insurance eases SME property cover using automationNew-age insurer Digit Insurance has made it viable to provide a cover to such small businesses by automating the underwriting process.
- Nikkei falters as automakers slide on weak US salesFinancial stocks also lost ground, with Dai-ichi Life Holdings sliding 2.9 per cent.
- ET in the classroom: Blame it on god, and whyThe term, Act of God, is widely used in insurance policies covering natural disasters. In fact, a recent Bollywood release, Oh My God, popu...
- Mastek to develop software for US-based Cypress Property & Casualty Insurance CompanyThe software, developed by Mastek, will significantly reduce the waiting time for customers and the unit cost of the policy, Cypress CEO.
- Rising losses force reinsurers to go slow on underwritingInsurance buyers can look forward to the soft market to continue in '08. Estimates show that losses are due to disasters. Insurance cover f...
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