Public education, land-use controls and regulatory policy allowing innovation discussed in new report.
Global report says insurers and public stakeholders need to collaborate to address protection gaps.
Association’s leadership calls for national flood insurance program.
Federally regulated institutions required to report on vulnerabilities extensively by 2025.
Launched in 2016, this index measures the frequency of extreme weather and sea level change.
The derecho last May and Hurricane Fiona in September weighed on the insurer’s claims experience in 2022.
Globally, economic losses reached $313-billion in 2022, only 42 per cent of which was insured.