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- Insurers Want Businesses to Wake Up to Costs of Extreme Heat
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
- The Insurance Industry Must Wake Up To The Reality . . . - Forbes
The results suggested that both banks and insurers project the lowest costs with early well-managed action to bring down greenhouse gas emissions Further, the results showed that while
- How extreme heat affects insurance—and how the industry can . . .
We help clients in the public and private sectors navigate urgent, complex challenges—from extreme weather and market volatility to financial insecurity and rising health costs—so they can meet their business, financial, and social objectives
- How Insurers Can Take On the Climate-Driven Health Crisis
Climate-Specific Insurance Products or Temporary Waivers In response to an increase in extreme heat events in Japan, two of the country’s biggest insurers, Sompo Holding Inc and Sumitomo Life Insurance, created a heatstroke insurance plan that costs as little as 73 cents for a day’s coverage
- After $70 Billion Hit, Insurers Wake Up to Growing Risks of . . .
Severe so-called convective storms, which are characterized by heavy rain and intense winds, accounted for about $70 billion of insured losses globally last year, Aon estimates That’s equivalent
- How wildfire risk and extreme heat impacts insurance sector . . .
Two of the biggest challenges for insurers in California – high cost of reinsurance and strict limits for pricing wildfire risk – can be solved through policy solutions Insurers and policy-makers can come together to adjust regulations and limits for pricing catastrophe risk that accurately reflects this volatile climate peril environment
- Preparing for the Unpredictable: Claims Strategies for . . .
Artificial intelligence can be used to automate and speed up the claims process, both in working out the resources needed to address a claim and carrying out predictive modeling to calculate potential defense costs and outcomes, as well as for administrative tasks
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