Even taking the low estimate for losses and high estimate for insurance coverage, we still face $200 billion in uninsured losses from Hurricane Helene. We need to talk.
Insurers have the best data on where losses occur and what interventions could have prevented them, so they can play a key role in improving climate resiliency.
Hurricanes used to lose most of their power before making it as far inland as western North Carolina. But Helene wreaked havoc there. Future hurricanes may, too.
Facing increasingly unpredictable and destructive wildfires, insurers grapple with complex challenges in risk assessment, coverage, and claims response.