Flood Insurance
SOUTHAMPTON, Bermuda, May 14 (Thomson Reuters Foundation) – Coral reefs, mangroves and even some fish could soon have their own insurance policies as the industry seeks new ways to boost…
As historic flooding caused by climate change devastates communities in New Brunswick and British Columbia, new research from the University of Waterloo reveals the insurance industry hasn’t considered a changing…
Paris, France – 16 April 2018: Following extreme precipitation from December through February of this year, and subsequent flooding of rivers across France, including most famously the Seine, Lloyd’s coverholder…
The very active North Atlantic hurricane season, major monsoon floods in the Indian subcontinent, and continuing severe drought in parts of east Africa contributed to 2017 being the most expensive…
Following one of the costliest years for natural catastrophes in the past decade, Lloyd’s has announced an aggregated market loss of US$2.7bn for 2017. A total of $23.6bn in claims…
In the wake of Cyclone Gita, the government of Tonga received a US$3.5 million payout from the Pacific Catastrophe Risk Insurance Company (PCRIC) based on its insurance cover against tropical…
ROME, Jan 18 (Thomson Reuters Foundation) – A major insurance scheme launched on Thursday aims to help up to 4 million poor people in Africa and Asia rebuild their lives…
The Federal Emergency Management Agency (FEMA) announced that it is submitting a claim to recover the full $1.042 billion in reinsurance coverage under its 2017 Reinsurance Program. In November this…
A $125 million contribution from Germany aims to help provide climate insurance for 400 million poor people. BONN, Germany, Nov 14 (Thomson Reuters Foundation) – Germany on Tuesday pledged $125…
BONN, Germany, Nov 14 (Thomson Reuters Foundation) – When torrential rains drench his small farm in St. Lucia, Walter Edwin’s bees die. That’s happening more often as a result of…
Insurance policies for farmers could stem losses – but getting them right has proved tricky in India. MADHURPATTI, India, Oct 24 (Thomson Reuters Foundation) – When heavy rains swept through…
In the wake of the devastation caused by Hurricane Harvey and Hurricane Irma, it was reported that up to 80% of home damages were not insured. Insurance schemes are widely…
September 1, 2017 (OTTAWA) – Insurance Bureau of Canada (IBC) reports that two significant storm and flooding events in Eastern Ontario and Western Quebec resulted in more than CAN$223 million…
Governments and insurance companies are failing to educate people on how to avoid flood risks, which are increasing as the climate warms. LONDON, 27 August, 2017 – With flood risks…
Aon Benfield’s catastrophe model development team have launched the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide…
Where will money come from to help people displaced by sea level rise, or who lose their culture or homes to climate extremes? By Laurie Goering LONDON, May 15 (Thomson…
