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UK actuaries sound alarm on loss models downplaying climate risk

UK actuaries sound alarm on loss models downplaying climate risk3+ hour, 29+ min ago   (542+ words) (Bloomberg) --The finance industry is relying on climate models that understate the speed at which temperatures are rising, according to a fresh study by Britain's main association of actuaries. The'Institute and Faculty of Actuaries, which conducted its study together with…...

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One year later, California wildfire recovery still has a long way to go

One year later, California wildfire recovery still has a long way to go6+ day, 5+ hour ago   (188+ words) One year after the Eaton and Palisades wildfires in Los Angeles, the insurance industry and fire survivors paint contradictory pictures of the region's recovery. According to a Morningstar report, the fires caused $40 billion in insured losses, accounting for nearly half…...

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New and emerging risk predictions for 2026

New and emerging risk predictions for 20261+ week, 3+ day ago   (473+ words) Digital Insurance contacted insurance professionals to comment on new and emerging risks to consider for 2026." MGAs will continue gaining momentum as insurers seek faster, more flexible ways to serve distinct customer segments and address rapidly evolving risks. Their specialized expertise,…...

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First Street, advocates respond to Zillow removal of climate risk scores

4+ week, 2+ hour ago   (324+ words) The CEO of the climate risk data firm whose scores of residential properties were pulled from Zillow, the popular real estate website, defended his company's risk models as accurate. Matthew Eby, founder and CEO of First Street, said the removal…...

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Property and casualty insurance predictions for 2026

1+ mon, 5+ day ago   (548+ words) Digital Insurance contacted insurance professionals to comment on property and casualty (P&C) trends for 2026." Experts suggest the industry is continuing to focus on innovation and implementing predictive analytics. Responses have been lightly edited for clarity. Jim Clark, CEO, at HDI…...

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Zillow deleting home climate risk scores reveals limits of flood, fire data

Zillow deleting home climate risk scores reveals limits of flood, fire data1+ mon, 5+ day ago   (846+ words) When Zillow Group Inc. removed climate risk scores from its home listings last month, following a complaint from the real estate industry, many observers took to the'press'and'social media'to warn'that disappearing the data doesn't get rid of the risk.' In a…...

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Travelers Institute: How aerial imagery and geospatial data have transformed property insurance

Travelers Institute: How aerial imagery and geospatial data have transformed property insurance1+ mon, 3+ week ago   (328+ words) The digitalization and availability of public records have also provided insights into a home for carriers to more accurately price risk, helping to determine property characteristics such as prior losses, construction type or distance from a fire department. "Understanding these…...

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Why insurers need accurate weather data

2+ mon, 3+ day ago   (368+ words) Accurate weather forecasting is critical for risk management, according to Matthew Porcelli, a meteorologist at The Weather Company. Digital Insurance spoke with Porcelli about how insurance companies need access to accurate weather data. Porcelli grew up obsessed with weather, which…...

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Insuring against tomorrow with climate risk assessments

2+ mon, 1+ week ago   (446+ words) To address this challenge, organizations are turning to climate risk assessments. These forward-looking analyses use climate science and risk engineering to project how hazards may evolve in 2030, 2050 and even 2100. These examine a range of perils, including: Climate risk assessments do…...

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Meet the Insurtech: Ocean Ledger

2+ mon, 1+ week ago   (403+ words) In an effort to feature more insurtechs, Digital Insurance has modified the format of our Meet the Insurtech series." Ocean Ledger CEO, Paige Roepers, shared the following responses, which have been lightly edited. Ocean Ledger is a spinout from the…...