insurance

ChatGPT generated panoramic illustration showing the contrast between insurance and code bottlenecks on the left and smooth approval of a mass timber project on the right

Mass Timber At Parity: Fixing Insurance & Code Bottlenecks

Technical feasibility is no longer the primary barrier for mass timber construction. Engineers and builders have proven that tall, strong, and safe structures can be delivered with cross-laminated timber and related products. The real bottlenecks now lie in insurance premiums and building code adoption. Insurers price risk, and without long … [continued]

ChatGPT generated panoramic image of a weather-damaged home with a "For Sale" sign, illustrating the impact of rising insurance costs and climate-related property devaluation

The Great American Insurance Retreat: Climate Change, Uninsurable Homes, & The Future Of Real Estate

The United States insurance industry is in crisis. And if you’re a homeowner or business owner in certain parts of the country, your ability to get coverage — let alone afford it — may soon disappear entirely. This isn’t some far-off projection for the 2040s. It’s happening now. From 2017 … [continued]

"California Wildfires" by Justobreathe is licensed under CC BY 2.0.

Financial Watchdog: Markets Could Soon Freak Out From Climate Catastrophes

The Financial Stability Board (FSB) has warned in a new report that financial markets could be disrupted by climate change and associated catastrophes in a number of ways. From costs rising slowly but significantly over time to sudden unexpected shocks having huge ripple effects, climate change is going to be … [continued]

"Oops" by Brett L. is licensed under CC BY-SA 2.0.

All Companies In Italy Must Now Purchase Climate Insurance — It’s The Law

It will be a whole new business atmosphere in Italy starting on January 1, 2025. That’s because the federal government there will require every company to buy climate insurance as internal financial support to offset losses from floods, landslides, and other natural hazards. The warnings about global warming in Italy … [continued]

Bboxx & Radiant Yacu Partner To Launch Insurance Package For Electric Motorcycles In Rwanda

A first-of-its-kind offering, Bboxx Protect, offers extensive protection to electric motorbike users and significant savings of over 40%. The electric motorcycle sector in East Africa is starting to flourish. Kenya is the largest market for motorcycles, with over 2 million internal combustion motorcycles on the road, and we are now … [continued]