Insurance

March 10, 2015--Disaster damage expected to hit $300 billion yearly as events intensify (Reuters)

Investing in insurance programs for poor farmers today could save tens of billions of dollars in coming decades as climate change upsets growing patterns and makes harvests fail, U.N.


May 17, 2014--U.S. insurer class action may signal wave of climate-change suits (Rueters)

A major insurance company is accusing dozens of localities in Illinois of failing to prepare for severe rains and flooding in lawsuits that are the first in what could be a wave of litigation over who should be liable for the possible costs of climate change. Farmers Insurance filed nine class actions last month against nearly 200 communities in the Chicago area.


May 11, 2014--River rafters win insurance reprieve (Grand Junction Sentinel)

The Colorado Parks and Wildlife Commission tossed a lifeline to river raft outfitters Friday by voting unanimously to embrace the realities of the state’s auto insurance market.


September 19, 2013--Property loss from floods estimated at $2 billion (Denver Business Journal)

The damage to property from flooding in Colorado is estimated to be almost $2 billion, Reuters reports, citing data from the catastrophe modeling firm Eqecat Inc. The anticipated losses for residential property are close to $900 million, and most of those losses are uninsured. Damage to commercial and government property, including roads and bridges, account for $1 billion in losses.


January 26, 2013--Sandy and drought propel U.S. insurance losses (Los Angeles Times)

The U.S. share of insurance losses from worldwide catastrophes more than doubled in 2012 as Superstorm Sandy lashed the Northeast and the nation suffered its worst drought since the 1930s. The U.S. accounted for about 90%, or $65 billion, of $72 billion in global losses, according to the Impact Forecasting unit of Aon, the London insurance broker.


July 13, 2012--US insurer won't cover gas drill fracking exposure (Wall Street Journal)

Nationwide Mutual Insurance Co. has become the first major insurance company to say it won't cover damage related to a gas drilling process that blasts chemical-laden water deep into the ground.


July 28, 2010--Sandia Labs pinpoints global warming risk and costs (Summit Citizens)

Using statistical methods borrowed from the insurance industry, researchers at Sandia National Laboratories say they’e calculated the potential economic costs of global warming for each of the lower 48 states.


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