Natural Catastrophes Will Break Several Insured Losses Records
Natural catastrophes will once again break several insured loss records in 2023. A high number of low-to-medium-severity events will aggregate to insured losses
Insured flood losses
Insured Flood Losses reviews on Beinsure Media covers analysis and information on the financial impact of flood events covered by insurance. It examines the extent of coverage provided by insurance policies for flood damage, the types of losses that can be claimed, and the claims process.
This category also reviews trends in flood insurance claims, the role of insurance in mitigating flood damage, and the effectiveness of different insurance policies. It provides insights into the financial protection offered to policyholders and highlights how insurance companies address flood-related losses. The content aims to help individuals and businesses understand their insurance options and the potential financial implications of flood events.
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
Severe Thunderstorms the Main Driver for Insured NatCat losses
A series of widespread thunderstorms (severe convective storms) hit the US and account for 68% of global insured natural catastrophe losses
U.S. Insured Losses from Hurricanes Have Risen over the 15 Years
Insured losses from hurricanes have risen over the past 15 years as hurricane activity has intensified
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
Natural & Man-Made Catastrophe Loss Outlook: Insurance Covered only 43%
Natural and man-made disasters resulted in global economic losses of $280 bn. Insurance covered $119 bn economic losses
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
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