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]
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]
The insurance industry is setting buildings on fire to demonstrate techniques to mitigate the risks of wildfires.
Imagine this: you’re driving your car after a hard day at work. You’re tired, you’re easily distracted, and then your significant other calls to let you know that there’s one more chore to do in town before you go home. As you reach for the touchscreen to hang up the … [continued]
In the US, climate risk events are occurring more frequently in places where development was once deemed safe but now is larger than initially anticipated. Insurance is one of the non-environmental systems that enables us to live our daily lives with the knowledge that our property is protected. Up until … [continued]
Verizon launched the Climate Resilience Prize in 2021 to support companies using advanced technology to create solutions that address climate-related impacts to vulnerable communities. Now, in its second year, the four winning companies, selected by Verizon, have demonstrated proven results with their new approaches and are ready to scale. One … [continued]
US-based insurance companies are running away from climate-related risks while propping up fossil fuel companies.
A new study from MarketWatch suggests that Tesla’s pioneering use of advanced telematics in assigning insurance risk may disrupt the insurance industry as much as the company has already disrupted global automotive markets. While many traditional insurance companies are raising rates for Tesla car owners or refusing to cover Tesla … [continued]
The insurance industry survives and thrives on two things: its ability to quantify risk and then its ability to profit on it. Whether talking about home insurance, car insurance, life insurance, or some other kind of insurance, the first step is to do the math of how likely it is … [continued]
Who has the most power in America? Oil companies? Political parties? Elon Musk? Nope, nope, and nope. The correct answer is insurance companies. Insurance keeps the economy humming. Every new home, school, and commercial building, every airport, farm, or sports stadium is 100% dependent on being able to get insurance. … [continued]
