Within four weeks during late summer 2023, two severe rainfall events thousands of miles apart caused two...
The California Department of Insurance's hearing on catastrophe modeling and insurance
The hearing relates to a proposed regulation that would allow for the use of wildfire and flood catastrophe models for residential property insurance ratemaking...
The hearing relates to a proposed regulation that would allow for the use of wildfire and flood catastrophe models for residential property insurance ratemaking...
Article / 7 hours ago
Moody's RMS 2023 Catastrophe Review: Secondary Perils Headline Again
Although the year had fewer extreme global loss events, 2023 was characterized by a high number of locally significant events; according to preliminary...
Although the year had fewer extreme global loss events, 2023 was characterized by a high number of locally significant events; according to preliminary...
Article / 1 month ago
From Idalia to Otis: The Hurricanes That Shaped 2023 and What's Next
We recently brought together thought leaders from across Moody’s to talk with the media at our 2023 Hurricane Season Recap and 2024 Outlook briefing...
We recently brought together thought leaders from across Moody’s to talk with the media at our 2023 Hurricane Season Recap and 2024 Outlook briefing...
Article / 2 months ago
Five Years on Since California's Camp Fire: The Fate of Paradise
Will the Californian city of Paradise ever fully recover from the devastating fire that consumed 95 percent of its houses, now five years ago in November 2018?...
Will the Californian city of Paradise ever fully recover from the devastating fire that consumed 95 percent of its houses, now five years ago in November 2018?...
Article / 6 months ago
Urbanization Under Pressure: Recent Flood Events Expose NYC's Aging Stormwater Infrastructure Amid Climate Change and Low Flood Insurance Penetration
During an average September, New York City (NYC) gets 4.3 inches...
During an average September, New York City (NYC) gets 4.3 inches...
Article / 7 months ago
California Earthquake Authority Invests in Research and Development to Enhance ‘Brace and Bolt'
The overall insurance protection gap in the U.S. is large, and earthquake risk in California contributes the most to that gap....
The overall insurance protection gap in the U.S. is large, and earthquake risk in California contributes the most to that gap....
Article / 7 months ago
Moody's RMS North Atlantic Hurricane Models: Five Reasons Why Version 23 is the Right Model to Navigate a Challenging Market
Earlier in 2023, Moody's RMS ® released a new version (Version 23) of its North Atlantic...
Earlier in 2023, Moody's RMS ® released a new version (Version 23) of its North Atlantic...
Article / 7 months ago
Major Hurricane Idalia: Risk Pricing Needs to Reflect Property Vulnerability
Hurricane Idalia made landfall as a Category 3 hurricane on August 30, 2023, near Keaton Beach, Florida, bringing with it damaging winds, heavy rainfall, and a...
Hurricane Idalia made landfall as a Category 3 hurricane on August 30, 2023, near Keaton Beach, Florida, bringing with it damaging winds, heavy rainfall, and a...
Article / 7 months ago
2023 North Atlantic Hurricane Season: El Niño Versus SSTs Tug of War Continues
Following a quiet start to the season that saw four named storms up to mid-August – or five if the unnamed January subtropical storm retrospectively...
Following a quiet start to the season that saw four named storms up to mid-August – or five if the unnamed January subtropical storm retrospectively...
Article / 7 months ago
Test Your Risk Blind Spots with Seven ‘Less Familiar' Potential Cat Events
A ‘recency' bias focused on actual events over the past ten or twenty years, their locations, impacts, and consequences, is a predisposition that can apply to many...
A ‘recency' bias focused on actual events over the past ten or twenty years, their locations, impacts, and consequences, is a predisposition that can apply to many...
Article / 8 months ago