Climate Change

Crawford CEO Provides Market Report

May 2, 2022 / by AAIS posted in Insights, Technology, Insurance, Data & Technology, COVID-19, Telematics, Climate Change, Auto, Innovation, AAIS Pulse, pandemic, Economy, auto insurance

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On a recent edition of AAIS Pulse, Crawford & Company CEO Rohit Verma and AAIS VP of Products John Kadous sat down to discuss the state of the insurance market, including topics such as the economy and supply chain, auto risks, climate change and natural catastrophes, data, and technology, and much more.

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NAIC CEO Shares Insights on Insurance Regulation

Apr 28, 2022 / by AAIS posted in openIDL, Insights, Issues & Trends, Data & Technology, COVID-19, Homeowners, Climate Change, Cannabis, Auto, AAIS News & Views, AAIS Pulse, Data/Tech, NAIC, Regulation, pandemic, Regulators, Business Interruption, Economy, Cannabis Insurance, cyber insurnace

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On a recent edition of AAIS Pulse, NAIC CEO Mike Consedine sat down with AAIS President and CEO Ed Kelly to share his insights on major regulatory issues facing the insurance industry and the NAIC.

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Different Ways Insurers Can Deal With Climate Change

Feb 24, 2022 / by AAIS posted in Community, Issues & Trends, Homeowners, Climate Change, P&C Insurers, AAIS News & Views, AAIS Insights, Modeling/Actuarial, Insurance Line of Business

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Dr. Phil Klotzbach, Ph. D., from the Department of Atmospheric Science at Colorado State University, says climate change is real. In a recent interview he explained that “if you go back to the late 1800s, parts-per-million of carbon dioxide was about 280; now we're sitting at about 420. We've gone up by about 50 percent of what we were about 140 years ago. With that, we've seen a global temperature rise of about eight- or nine-tenths of a degree Celsius … about 1.5 degrees Fahrenheit.”

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Climate Expert Talks Global Warming, Risk Models, ‘22 Hurricane Season

Feb 9, 2022 / by AAIS posted in Issues & Trends, Events, AAIS Event Archive, Climate Change, Modeling/Predictive Analytics, AAIS Pulse, Data/Tech, Modeling/Actuarial, global warming

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The AAIS Pulse newsmagazine recently featured a discussion with renowned Research Scientist and hurricane expert Phil Klotzbach, Ph. D., from the Department of Atmospheric Science at Colorado State University. He joined AAIS Chief Pricing Actuary Michael Payne to cover a wide array of topics including global warming fact and fiction, changes in severe weather patterns, risk model accuracy, 2022's climate outlook, and much more.

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Swiss Re’s US P&C President Discusses Talent, Climate, Cyber, and More

Sep 1, 2021 / by Ed Kelly posted in Community, Insurance, Issues & Trends, Data & Technology, Insurance News/Current Events, COVID-19, Cyber, New/Emerging Risks, Climate Change, Working in Insurance, P&C Insurers, AAIS Webinar Series, flood, Swiss Re, cyber risk, wildfire, social inflation, talent, talent gap, cyber insurnace

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In this edition of CEO Angles, AAIS President and CEO Ed Kelly speaks with Keith Wolfe, President of US Property & Casualty at Swiss Re and an AAIS board member, about lessons learned during the pandemic, the increasing value of data, the need to start looking at climate change, the troubling cyber risk trend, and the hot topic of social inflation.

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Climate Change and the Shifting Landscape in Agribusiness

Sep 13, 2019 / by Rich Pelkofsky posted in Robotics, Issues & Trends, Data & Technology, New/Emerging Risks, Climate Change, Agribusiness, Farm & Ag

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From record heat waves to the coldest of winters, hurricanes, droughts and flooding, it’s no secret that our climate and weather are changing…and changing the agribusiness insurance landscape with it.

In 2018, the California Camp Fire wildfire resulted in more than $16 billion in loss. Flooding in the Midwest resulted in crop contamination from nearby livestock fields. And the crippling cold from two polar vortexes in the last five years caused frozen pipes and burst boilers, leading to property and equipment damage claims.

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