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A one-in-200-year US disaster could create a $700 billion protection gap, Moody's finds
A single extreme US catastrophe could produce losses that nearly match the entire global reinsurance capital base
Climate, Seismic Factors Primed ‘Unprecedented’ Nepal Disaster
The catastrophic mountain flooding in Nepal that killed more than 1,300 people was driven by a complex web of climate and seismic processes that made it nearly impossible to predict, according to an international team of scientists. Rising global temperatures …
Thailand Shifts Disaster Risk to Insurers With $467 Million Plan
Thailand plans to provide government-funded disaster insurance to about 30 million households in high-risk areas, while seeking to shift some of the growing cost of floods and other catastrophes to private insurers. The government on Tuesday approved a 15.5 billion …
Flood coverage gaps surface as disasters hit Indiana and Hawaii
As the White River shatters a 113-year record and Hurricane Lala strikes, new data shows most homeowners in both states have no flood coverage