Flood Risk Creates Credit Challenges for Eastern & Southern US Insurers
Hurricane Helene’s recent destruction underscores the rising flood risk impacting local economies and tax bases in the Eastern and Southern United States
Flood Risk
“Flood Risk” focuses on evaluating and understanding the potential for flooding in various regions. It covers assessments of flood-prone areas, risk management strategies, and the impact of floods on communities and infrastructure.
The category provides insights into flood insurance options, preventive measures, and technological advancements in flood prediction and mitigation. By analyzing historical data, climate trends, and expert opinions, it aims to inform readers about the likelihood of flooding events and the necessary precautions to manage and reduce flood risk effectively.
U.S. Flood Insurance Market Review. Top 10 Flood Insurers
The U.S. flood insurance market had grown 24% – from $3.3 bn in direct premiums written to $4.1 bn between 2016 and 2022
Insurers Poorly Prepared for the Increased Losses by Catastrophe & Flooding
Re/Insurers poorly prepared for the increased loss frequency and intensity wrought by flooding and climate change as this year’s North Atlantic hurricane season
Flood Risk is Insurable. How Does Insurance Industry Can Close the Protection Gap?
Floods affect more people across the globe than any other natural disaster. The deadly floods within year were a tragic reminder of the increasing threat
Re/Insurers’ Role in Building Flood Resilience & Close Protection Gap
Today risk assessors use a wide set of tools ranging from sophisticated flood hazard maps to fully probabilistic risk models, but more can be done
Marine mutual insurers and P&I Clubs are planning rate hikes for 2025, driven by rising claims and inflation pressures. Marine mutuals are under growing pressure
Hurricane Helene’s recent destruction underscores the rising flood risk impacting local economies and tax bases in the Eastern and Southern United States
Changes to reinsurance-related capital requirements proposed by the Australian Prudential Regulation Authority strengthen Australian general insurers’ credit profiles
European insurers' ratings will remain unaffected by the proposed capital surcharges on fossil fuel-related assets, according to EIOPA