NOAA forecasts a below-normal Atlantic hurricane season but warns of potential super El Niño impacts. This weather shift could bring flooding to the West Coast and drought to other regions, potentially affecting auto insurance costs through weather-related claims.
weather insurance
EU Disaster Insurance Fund Could Speed Up Claims
European regulators are proposing a €65 billion EU-wide disaster insurance fund to address growing protection gaps from climate events. The initiative aims to modernize the claim process and provide faster payouts to policyholders after extreme weather disasters.