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@riskmarketnews.com

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riskmarketnews.com @riskmarketnews.com · 4d

Extreme heat kills more Americans than floods, hurricanes, and tornadoes combined.
FEMA's response? It just rejected a recommendation to measure the financial impact of mitigation projects.
Meanwhile, insurers are warning of $400B+ in annual losses by 2035. www.riskmarketnews.com/nations-dead...

Nation's Deadliest Weather Peril Gets No Federal Planning Strategy

FEMA says it was unlikely that the “president would ever declare a major disaster for extreme heat.”

www.riskmarketnews.com

riskmarketnews.com @riskmarketnews.com · 6d

Trump Administration reshapes insurance policy focus: AI adoption hits records, crypto insurance market approaching $3B, and litigation funding highlighted as major cost driver. Meanwhile, Congress moves to abolish the Federal Insurance Office entirely. www.riskmarketnews.com/trump-admini...

Trump Administration Priorities Reshape New Federal Insurance Report

AI, crypto, and litigation take center stage as the agency itself faces an uncertain future.

www.riskmarketnews.com

riskmarketnews.com @riskmarketnews.com · 10d

Canada's catastrophe losses hit record $8.8B in 2024
and TD Insurance is updating its backend with
-AI-powered risk modeling using 10M+ client interactions
-Canada's first CAD-denominated cat bond (CA$300M)
deployed www.riskmarketnews.com/record-canad...

Record Canadian Catastrophes Push TD Toward AI and Risk Modeling Updates

TD Insurance overhauls risk modeling with AI after Canadian catastrophe losses reached an unprecedented $8.8 billion in 2024.

www.riskmarketnews.com

riskmarketnews.com @riskmarketnews.com · 10d

Catastrophe models = a language

“Treat model output as a data language for risk transfer—not as an accurate picture of the world.” – Paul Wilson, Twelve Securis

🎧 Full Risky Science Podcast: pod.link/1825669405/e...

#ILS #Reinsurance #CatModels #ClimateRisk

riskmarketnews.com @riskmarketnews.com · 11d

PG&E to opt into California's new $18B wildfire fund while signaling openness to $1-1.5B stock buyback if reforms stall. CEO says utility prefers investing in safety, but analysts pressed for shareholder returns . Phase 2 reforms due April 2026. www.riskmarketnews.com/pge-talks-up...

PG&E Talks Up Wildfire Reforms While Analysts Push Buybacks

PG&E outlined expectations for California's new wildfire legislation while fielding investor questions about potential share buybacks amid the utility's depressed stock price.

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riskmarketnews.com @riskmarketnews.com · 12d

Over 250K households could lose flood insurance as Washington uses NFIP as a budget bargaining chip www.riskmarketnews.com/nfip-becomes...

NFIP Becomes Political Talking Point as Shutdown Looms

As Congress battles over funding, the National Flood Insurance Program becomes the latest casualties of political brinkmanship.

www.riskmarketnews.com

riskmarketnews.com @riskmarketnews.com · 16d

🌍 New on the Risky Science Podcast:
Dr. Seth Baum of the Global Catastrophic Risk Institute on why uncertainty defines catastrophic risk — from climate and pandemics to AI.

🎧 Listen here 👉 pod.link/1825669405/e...

#RiskModeling #AI #ClimateRisk #RiskySciencePodcast #insurance #reinsurance

riskmarketnews.com @riskmarketnews.com · 18d

The more climate mitigation initiatives are pushed to curtail losses from hurricanes and storms, the harder the political and financial pushback.

www.riskmarketnews.com/growing-phys...

Growing Physical Risks Are Shifting US Companies To Survival, Not Sustainability

The more climate mitigation initiatives are pushed to curtail losses from hurricanes and storms, the harder the political and financial pushback.

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riskmarketnews.com @riskmarketnews.com · 20d

Monday RMN newsletter:
❓The global life insurance insurance industry faces mounting questions over its models.
🔥A new law targets California wildfire subrogation claims.
🏛️Raidan has bought into Lloyds, but investors want buybacks.
www.riskmarketnews.com/social-chang...

Social Change Modeling Is a Problem; California Wildfire Law Adds Subrogation Kicker

"Reinsurers are not particularly good at anticipating long-term trends correctly."

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riskmarketnews.com @riskmarketnews.com · 22d

Happening Tuesday. Tying climate risk modeling to investment risk. Open to audience questions Free signup.
tinyurl.com/38m5d5dc

riskmarketnews.com @riskmarketnews.com · 24d

🌡️ Weather prediction markets are reshaping risk transfer
Instead of annual insurance policies, imagine hedging your $10K hurricane deductible as storms approach.
Latest Risky Science podcast dives deep into how this could disrupt traditional insurance www.riskmarketnews.com/yethe-predic...

The Prediction Markets Are Coming For Risk Markets and Insurance

Once just for betting on NBA games, prediction markets want to make parametric triggers cool again.

www.riskmarketnews.com

riskmarketnews.com @riskmarketnews.com · 25d

North Carolina seeks $40M from USGS for landslide hazard mapping after Hurricane Helene caused 1,900+ landslides in mountainous terrain and new risk modeling data could reshape cat risk assessment. www.riskmarketnews.com/north-caroli...

North Carolina Pushes for $40M in Hazard Model Funding

State officials want to develop advanced landslide hazard mapping and flood modeling capabilities following Hurricane Helene.

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riskmarketnews.com @riskmarketnews.com · 26d

California Senate passes SB 429 - the nation's first public wildfire catastrophe model legislation
Creates and alternative to so-called "black-box" proprietary models
Open access to data & algorithms
Heads to Gov. Newsom's desk (deadline Oct 13)
www.riskmarketnews.com/california-l...

California Lawmakers Pass Public Wildfire Catastrophe Model Legislation

SB 429 heads to Governor's desk and would create the nation's first public wildfire risk assessment tool.

www.riskmarketnews.com

riskmarketnews.com @riskmarketnews.com · 26d

Congressional crunch time for catastrophe risk programs
TRIA terrorism backstop up for renewal (House hearing this week)
NFIP flood program expires Sept 30
Timing: worst possible with govt shutdown looming
Full story: www.riskmarketnews.com/catastrophe-...

Catastrophe Risk Programs Face Congressional Crunch Time

Capital growth boosts US insurer catastrophe capacity to record levels

www.riskmarketnews.com

riskmarketnews.com @riskmarketnews.com · Sep 12

New report says CBRN terrorism models can assess technical hazards but fall short on economic loss estimation. "Reinsurers struggle to measure (or even clearly identify) the full costs of a CBRN attack." www.riskmarketnews.com/terrorism-ri...

Terrorism Risk Models Still Fall Short as Reinsurers “Struggle” With Loss Estimates

Nearly a quarter century following the 9/11 attacks, a new report says critical gaps in current risk modeling capabilities continue to constrain private sector participation in terrorism risk coverage...

www.riskmarketnews.com

riskmarketnews.com @riskmarketnews.com · Sep 11

Not to sound jaded, but I have seen so many stories over the years about US insurance regulators flying to London or Hamilton and coming back with more market-based plans. subscriber.politicopro.com/article/eene...

E&E News: He wanted to rescue Louisiana’s insurance market. So he flew to Bermuda.

After meeting with reinsurance companies abroad, the state’s insurance commissioner pushed for new laws to expand property insurance.

subscriber.politicopro.com

riskmarketnews.com @riskmarketnews.com · Sep 11

Californai lawmakers passes legislation expanding the definition of geological hazards to include climate-related risks.
www.riskmarketnews.com/california-l...

California Legislature Passes Bill Updating Geo Hazard Assessment Tied to Climate Risks

Lawmakers passes legislation expanding the definition of geological hazards to include climate-related risks.

www.riskmarketnews.com

riskmarketnews.com @riskmarketnews.com · Sep 8

In today's RMN Newsletter:
📶 Reinsurers and signaling cat model updates that will reshape risk & pricing
🫨 California's earthquake pool is readying a big model update
🔥 Wildfire models are good at trees, bad at houses
www.riskmarketnews.com/models-confr...

Models Confront New Loss Reality

CEA signals quake change, wildfire models fall short.

www.riskmarketnews.com

riskmarketnews.com @riskmarketnews.com · Sep 7

In just over two weeks we will have the first Risky Science Podcast Live with Dr. Paul Wilson, Head of Catastrophe and Climate Research at Twelve Securis. The focus will be on how investors and markets are really pricing clmate riskl Free registration: tinyurl.com/38m5d5dc

riskmarketnews.com @riskmarketnews.com · Sep 5

As European insurers gather in Monte Carlo, the Overton window on a possible U.S. property reinsurance backstop continues to shift. www.riskmarketnews.com/think-tank-m...

Think Tank Makes Case for Federal Disaster Reinsurance as Property Market Strains Mount

A new report makes the case for federal disaster reinsurance to stabilize volatile property insurance markets.

www.riskmarketnews.com

riskmarketnews.com @riskmarketnews.com · Aug 29

I don't know. Some good points, but there is the saying "where you stand depends on where you sit." www.ft.com/content/573a...

Hedge funds’ insurance binge threatens catastrophe cover, warns Munich Re

Reinsurer says private capital’s push into tools such as ‘cat bonds’ risks increases volatility for the sector

Reposted

Carl Quintanilla @carlquintanilla.bsky.social · Aug 29

> @denverpost.com

www.denverpost.com/2025/08/29/c...

riskmarketnews.com @riskmarketnews.com · Aug 27

Fermat Capital’s John Seo reflects on how the storm validated catastrophe models, transformed the cat bond market, and laid the groundwork for today’s cyber risk transfer.
www.riskmarketnews.com/katrina-at-2...

Katrina at 20: Fermat's John Seo on Cat Bonds, Models, and Market Lessons

Fermat Capital’s John Seo reflects on how the storm validated catastrophe models, transformed the cat bond market, and laid the groundwork for today’s cyber risk transfer.

www.riskmarketnews.com

riskmarketnews.com @riskmarketnews.com · Aug 26

Risky Science Podcast Live, Sept. 23. Join the discussion and register www.riskmarketnews.com/how-markets-...

How Markets Are Pricing Tomorrow's Weather with Catastrophe Models

Join the Risky Science Podcast for a live discussion with Dr. Paul Wilson.

www.riskmarketnews.com

riskmarketnews.com @riskmarketnews.com · Aug 25

Today's RMN Newsletter:
🏃The mad hedge fund/private equity scramble into annuities and remade life reinsurance.
🔥Models alone can't fix a broken California wildfire insurance market.
🌀Asian corporates have a growing physical risk problem.
www.riskmarketnews.com/life-reinsur...

Life Reinsurance Rewired

Plus, wildfire models won't fix what's already broken in California,

www.riskmarketnews.com