Are property insurance markets prepared to manage escalating climate risk? Climate change related disasters are become more frequent and more devastating, and wildfires are now the fastest-growing source of climate related damages in the United States. 2025 brought two catastrophic wildfires to Southern California: the Palisades Fire and the Eaton Fire. Together, these are costliest wildfires in U.S. history. One likelihood is that homeowners insurance will be increasingly hard to find and afford in areas prone to wildfires in California. State Farm …
Category: InsurTech
September 10, 2020 Parametric insurance pays out when a pre-defined event occurs as measured by a specified figure, figures, or index. It has traditionally been used in agriculture and by insurance companies to cover natural catastrophes, …
Brewer Lane Venture is a new, Boston-based VC firm focused on early-stage InsurTech and FinTech startups. Former New York Life President and Chief Investment Officer John Kim is the founder, and veteran investor Martha Notaras joined the …