Insurance Business FEMA retreats from disaster response and launches a tool to sell flood insurance without brokers FEMA administrator Cameron Hamilton told state emergency management leaders at a private conference in Little Rock, Arkansas that states must build their own…
The Motley Fool reports that 67% of investors experience financial stress affecting their decisions, with 25% of non-investors deterred by psy… Mercury reports on automating personal banking tasks to save time and money, highlighting eight tasks like automatic savings and payment setups.
Delay Costs More Than The Water Local restoration job records show how quickly a water loss grows more expensive when mitigation stalls after a claim is filed. RestorePro Reconstruction found that costs are rising at each stage of delay. Water…
Fitting a £1,000 package of flood resilience measures to new homes as they are built could save up to £60 million over ten years for the homes built in any single year, according to new Aviva analysis, in a market where homes…
Hurricane Isaias, which caused at least four deaths after striking the Florida Panhandle on Friday, is expected to cause $1 billion to $3 billion in insured losses from wind and storm surge, modeling companies said. Cotality, which was formerly known as CoreLogic,…
Tower took its parametric insurance experience in Fiji to Pre-COP31, where the pilot's first payout, FJ$27,050 across 278 Kadavu customers, works out at about FJ$97 each on average and was paid within three weeks of the rain, against a seven-day target…
FinancialContent Encore Construction Shares Guidance to Help Homeowners Avoid Costly Water Damage Insurance Claim Mistakes The new homeowner guide explains when to contact a restoration contractor, how to document water damage, and what to know before filing an insurance claim…
Jamaica’s financial regulator, the Financial Services Commission (FSC), said it aims to publish an updated assessment of Hurricane Melissa insurance claims next Friday, as it presses insurers over payouts that some households and businesses are still waiting to receive. “Nearly…
Comprehensive risk strategies are more effective than insurance. CEOs must employ a broader view on risk to deploy a full range of resilience strategies far beyond insurance, Bain said as natural disaster losses rising 5% to 7% a year. Whilst insurance is…
“We’re clearly in a new era for international trade, with the reality that trade is evolving and adding risk and uncertainty to the economy,” said Ben Wright, Head of The Hartford’s Global Insights Center. “Trade routes are shifting from high…
Weather, wildfire and hardening the book.
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