Hundreds of thousands of neighborhoods in the United States are seeing population decline as a result of flooding, new research suggests. Those neighborhoods are often located in areas that are growing in population overall, including parts of Florida, Texas and the region around Washington, D.C.
Tag: catastrophe risks
Countdown: The Rising Cost of Climate Disasters
According to insurers and risk modeling experts, climate change has increased the cost of natural disasters by increasing the frequency and severity of flooding and wildfires.
FERMA Forms Task Force to Address Cat Risk-Related BI Issues
The Federation of European Risk Management Associations (FERMA) today announces the launch of a taskforce to create proposals to address the issue of business interruption coverage for catastrophic risks. “Our aim is to support the creation of economies that are resilient in the face of systemic and catastrophe risks,” said the President of FERMA, Dirk… Continue reading FERMA Forms Task Force to Address Cat Risk-Related BI Issues
RMS Releases New Model to Empower Reinsurers to Address Pervasive Wildfire Risk
RMS, the world’s leading risk modeling and analytics firm, announces the release of the RMS U.S. Wildfire High Definition (HD) Model, the most comprehensive solution available for addressing wildfire risk across the Contiguous United States (48 States). Since 2014, devastating wildfires have unleashed more than USD $30 billion in claims and five of the 10… Continue reading RMS Releases New Model to Empower Reinsurers to Address Pervasive Wildfire Risk
Study: U.S. Tornado Hot Spots Are Shifting from the Plains to Midwest and Southeast
Tornado frequency has increased across the eastern third of the United States, and especially across the mid-South, according to a new study in the journal Climate and Atmospheric Science. While tornadoes have increased in the East, there has been a notable decrease in twister activity across a large chunk of the southern plains of… Continue reading Study: U.S. Tornado Hot Spots Are Shifting from the Plains to Midwest and Southeast