Higher prices more accurately reflect risk but prompted an exodus of low-income policyholders, a new study finds.
Flooding outside of a home after Hurricane Idalia in Crystal River, Florida, US, on Thursday, Aug. 31, 2023. Florida has started to dig out from the aftermath of Idalia, which weakened to a tropical storm even as it brought heavy rain across Georgia and the Carolinas, caused billions of dollars in damage, left hundreds of flights grounded and thousands without power.
The global toll estimated by Swiss Re is lower than last year’s, due to a quiet US hurricane season.
Homes destroyed by the Eaton Fire in Altadena, California, US, on Monday, Jan. 20, 2025. Hurricane-strength gusts from Santa Ana winds will sweep over the mountains and foothills around Los Angeles, putting the region back on high alert after two weeks of devastating fires.
Plastic pollution is already bad, and it’s only slated to get worse. A lot worse.
Crushed plastic bottles and containers bound in a bale at the Baguio Green Group Ltd. Waste Sorting and Recycling Centre at Fanling in Hong Kong, China, on Wednesday, July 21, 2021. Coca-Cola's bottling partner in Hong Kong, Swire Coca-Cola Ltd., is helping build the city’s first modern bottle recycling plant, which is among the most ambitious recycling forays yet by one of Coke’s partners. Photographer: Lam Yik/Bloomberg
Insurers are struggling as climate change-fueled damage intensifies. So are homeowners. Clearly something has to change.
A resident works to repair a roof after Hurricane Florence hit in Wilmington, North Carolina, U.S., on Saturday, Sept. 16, 2018. In flooded communities, emergency workers have rescued more than 900 people as still-potent remnants of Hurricane Florence march through North Carolina. Photographer: Alex Wroblewski/Bloomberg
Investors snapped up a catastrophe bond tied to North Carolina homeowners and their insurer for installing super roofs.
A home with a missing roof is seen after Hurricane Dorian in Beaufort, North Carolina, U.S., on Sept. 6, 2019. Hurricane Dorian made landfall on the Outer Banks of North Carolina, battering the shore with driving rain and wind as it continues its march north and begins moving away from the U.S. coast.
Anmelden
Bloomberg Green
