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...

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

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...

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

🌍 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

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...

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...

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

🌡️ 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...

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...

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...

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-...

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...

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...

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

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...

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

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...

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...

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

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...

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

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...

I am planning the first Risky Science Podcast Live for September 23, 11 a.m. with Dr. Paul Wilson, Head of Catastrophe and Climate Research at Twelve Securis. Thought I would put it out to the bsky community first. No registration charge.➡️ tinyurl.com/38m5d5dc

I am planning the first Risky Science Podcast Live for September 23, 11 a.m. with Dr. Paul Wilson, Head of Catastrophe and Climate Research at Twelve Securis. Thought I would put it out to the bsky community first. No registration charge.➡️ tinyurl.com/38m5d5dc

🔥 New Risky Science Podcast: Stanford's Michael Wara on why California should BUY wildfire models, not build them 🎧pod.link/1825669405/e... #WildfireRisk #Insurance #California

A study of the VA's nationwide algorithm reveals that the model's accuracy deteriorated significantly during COVID-19 and highlighted critical vulnerabilities in AI-driven healthcare systems. www.riskmarketnews.com/covid-19-fai...

The industry astroturfing this proposal seems like an insane tactic calmatters.org/economy/2025...

When discussing the economic bifurcation between the insurance haves and have nots, this is prettu much it. www.sun-sentinel.com/2025/08/14/f...

I totally get that the reinsurance media industry is insular and there are a lot of inside baseball takes, but this had to be written since the stories I saw posted were not what investos were asking. www.riskmarketnews.com/investors-gr...

⛈️ Secondary perils are becoming first-order risks. That's the reality facing the insurance industry today, according to Victor Gensini of Northern Illinois University in the latest Risky Science Podcast. And models are not keeping up. 👀 www.riskmarketnews.com/the-weather-...

State-run FAIR Plans are trapped in a "cycle of doom" as climate disasters drive mass enrollment. New NRDC report proposes cat bonds & investment reforms to prevent insolvency before the next mega-disaster strikes. www.riskmarketnews.com/fair-plans-f... #Insurance #ClimateRisk #CatBonds

After Lawmakers Shift the Risk Goalposts, TWIA Punts On Rates The full board of the Texas Windstorm Association ’s (TWIA) moved ahead with a plan for a zero rate premium increase despite modeled loss indications that called for a minimum three percent hike. www.riskmarketnews.com/after-lawmak...

🔥 Berkshire's wildfire exposure remains a real problem for Buffett's empire New data shows $1.1B in fresh wildfire losses in just 6 months, plus their utility PacifiCorp sitting on $2.75B in fire-related liabilities www.riskmarketnews.com/fires-throw-...

DOE releases controversial climate report challenging insurance industry risk models. Federal scientists argue "most extreme weather events in the U.S. do not show long-term trends" — directly contradicting insurance industry assumptions. www.riskmarketnews.com/federal-clim...

Bermuda Monetary Authority proposes new AI governance framework for its massive reinsurance sector Key focus: catastrophe modeling & underwriting systems that power global risk transfer www.riskmarketnews.com/bermuda-regu...

The tsunami may last hours. But the subsidence? Dr. Tina Dura joins the Risky Science Podcast to explain why flood maps and risk models aren’t ready. 🎙️ Listen here →https://podcasts.apple.com/us/podcast/cascading-risks-and-a-cascadia-mega-quake-with-dr-tina-dura/id1825669405?i=1000719788046

A Category 5 storm slamming Miami could top $230B in losses. Moody’s says insurance costs may spike up to 300%, with long-term population loss and housing shocks. “Worse than a typical recession” — and the only difference between recovery and ruin? Federal aid. www.riskmarketnews.com/a-direct-mia...

📉 Wildfire risk is now moving muni bond markets. New research shows districts facing greater future fire risk are paying higher borrowing costs, with the impact falling hardest on vulnerable communities. More: 🔗 www.riskmarketnews.com/wildfire-ris... #ClimateRisk #MunicipalBonds #Wildfire

Michiel Ingels of @vuamsterdam.bsky.social joins us to unpack findings from his review of insurance modeling: 🌪️ Wind & flood bias 📉 Under-modeled sectors 🔮 Why most models still aren’t forward-looking 🔗 Listen now: pod.link/1825669405/e... #climaterisk #insurance #catmodeling #reinsurance

I honestly could not figure out why the accounting association would put out a survey on disasters and catastrophes, then you get to the "estate planning" pitch www.theaccountant-online.com/news/america...

Anthropic’s latest AI risk framework focuses on mitigating catastrophic man-made perils: CBRN threats like chemical and biological agents. This puts AI transparency squarely into financial market and regulatory conversations. www.riskmarketnews.com/anthropics-n...

New Risky Science Podcast: Dr. Neil Ferguson on how pandemic modeling went from academic skepticism to informing global policy. 🎧 Models, markets & public health 🧠 Forecasting limits 💡 Private sector impact Listen: pod.link/303485685/ep... #RiskModeling #Epidemiology

🎧 “Hazards don’t act alone—and our models shouldn’t either.” — Dr. Paolo Bocchini, Lehigh University In this clip from the new Risky Science Podcast, Dr, Bocchini explains why multi-hazard risk is reshaping how we think about catastrophe modeling. Full episode here: pod.link/303485685/ep...

Billionaire private equity manager Howard Marks has some thoughts on insurance, modeling and the California wildfires. In today's RMN newsletter. www.riskmarketnews.com/howard-marks...

🌀 Can open-source catastrophe models reshape how the world manages risk? On the latest Risky Science Podcast, Oasis CEO Dickie Whitaker explains how open modeling is gaining traction and why model evaluation, not just validation, is key. 🎧 Listen now: www.riskmarketnews.com/oasis-ceo-on...)

NOAA retiring its Billion-Dollar Disasters database—and actuaries warn this could erode catastrophe modeling, risk pricing & public planning. “Deeply concerning,” they wrote in a June 5 letter. Full story (available to free subscribers) @riskmarketnews.com : (www.riskmarketnews.com/billon-dolla...)

👀 The latest disclosures provoked sharp comments from critics suspicious of insurance industry claims of financial hardship earlier in this decade. www.tampabay.com/news/florida...

Today's RMN and how researchers and insurance industry is warning that traditional catastrophe models are struggling to keep pace with climate change. www.riskmarketnews.com/climate-cond...

Legislation was signed into law last week allowing model use in setting rates, but a wildfire reinsurance backstop was a step too far for lawmakers. www.riskmarketnews.com/new-colorado...