This article sheds light on the findings from two recently published case studies on Hurricane Katrina and Superstorm Sandy, which quantified the recovery issues faced and how disaster recovery efforts can be improved after severe storms occur in the future.
In 2017, the United States experienced 16 weather and climate disasters, each with losses exceeding $1 billion. In this blog post, Guidewire’s Carrie Burns outlines how technology advancements are helping insurers to respond faster than ever to customers during and after natural disasters.
No question about it, leaking underground storage tanks (LUSTs) are a threat to the environment, particularly to groundwater. This article sheds light on the nature and scale of the risks posed by LUSTs, and the implications for property developers looking to re-develop closed LUST sites.
Wildfires in the western U.S. have been increasing in frequency and duration since the mid-1980s, posing a significant threat to buildings and lives. This article looks at three sources of wildfire ignition and how businesses can address building vulnerabilities by creating a defensible space zone.
This article takes a look at the top ten proactive ways in which you can create a more resilient business against the damaging effects of extreme weather.
Unmanned Aerial Systems (UAS) or “drones” are quickly changing the way construction companies operate, and offer solutions to complex construction and safety challenges. This article explores UAS applications for the drilling industry, risk management considerations and available insurance options.
Increasing globalisation, Brexit and the prospect of new UK/US trade deals are growing incentives for trade with the US. This article explores the important risk, insurance and compliance considerations companies need to make before taking the plunge.
Even today, 25 years later, Hurricane Andrew ranks as the fourth most expensive hurricane in US history. This article looks back at the widespread destruction caused by Hurricane Andrew, what lessons have been learnt and how risk modeling, loss prevention and construction methods have evolved.
When the last significant hurricane hit Florida, damage to pool screen enclosures accounted for 25% - 40% of the insurance losses. In this article, Wade Stier, Vice President and Underwriter of U.S. Property Treaty Reinsurance at XL Catlin, looks at this significant risk for insurers and reinsurers.
With a preference for urban core working and living, America’s millennial demographic is causing us to rethink how we live and work. This article looks at the challenges associated with redeveloping brownfield sites into liveable, workable spaces and the role insurers can play in covering exposures.