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The FIO's climate letters reveal burning desires
The Federal Insurance Office (FIO) has published a raft of comment letters after its request for information on climate regulation. Could this be the tinder to spark new rules? Sarfraz Thind reports
Fema defends Risk Rating 2.0 flood model from criticism
But new model does not look to future climate change predictions
CMI places no weight on 2020-2021 data for next mortality projections
2021 still likely to be an outlier, says CMI
Insurtech weekly: Steadily, Swiss Re, Kettle, Tokio Marine, Nexar
InsuranceERM rounds up the latest fundraisings and partnerships from the world of insurtech
Future pandemic risk pools will be shallow, not deep
The concept of an all-encompassing government-backed risk pool to deal with the threat of future pandemics is all but dead. However, public support remains available for smaller schemes, as Paul Walsh reports
Insurers decry California's proposed wildfire model regulations
Industry argues wildfire insurance rules will stifle innovation and hit participation
US cyber market grew 29% in 2020 but remains miniscule overall
The cyber line accounts for just 0.4% of overall P&C premiums, NAIC finds
Current cat losses are unprecedented for industry, says AIG's Zaffino
Climate change has seen historic losses as industry grapples with new normal
Beazley's ESG syndicate helps engage with clients on climate
Cyber rates skyrocket 48% by September
What's driving growth in nat cat losses?
Experts at the Insurance Risk & Capital Americas conference discussed trends in natural catastrophe loss exposures, model constraints and how insurers should address insurability of high-risk properties. Cintia Cheong reports