RISK RADAR · THEME
Climate and nature
Rising frequency or severity of perils, secondary perils (flood, hail, wildfire, heat), the protection gap and insurability, retreat from markets, climate litigation, transition risk to investments, biodiversity loss.
ARGUS’S READING Steady · Reported European coverage withdrawal sustains property insurability pressure; this week does not establish a change in physical peril trends.
AI and technologyClimate and natureGeopolitics, conflict and tradeCyberEnergy and the transitionSocial and legalFinancial and macroHealth, pandemics and longevityNatural resources and foodUnder the radar
1–3 yrsBusiness model
German ministers finally move on nat cat cover ↗
Proposed mandatory home nat-hazard cover would reshape residential policies and the protection gap.
NowClaims and pricing
Why Tropical Cyclone Risk Demands More Than a Seasonal Forecast ↗
Tropical cyclone risk needs more than seasonal forecasts, so property cat pricing must rely on deeper modelling.
1–3 yrsBusiness model
South Korea plans state reinsurance backstop for storm, flood, earthquake cover ↗
State backstop for nat cat reinsurance would reshape private cover demand and insurability of storm, flood and quake.
1–3 yrsClaims and pricing
Emergency services veterans warn of growing bushfire toll ↗
Projected bushfire losses of $6bn a year for 30 years would reprice property cover in fire-exposed regions.
NowClaims and pricing
Climate risks mount as crop insurance falls short ↗
Climate losses outpacing crop insurance widen the protection gap for farm cover, pressuring agricultural underwriting.
NowClaims and pricing
Mendocino County FAIR Plan policyholders face statewide 29% average rate hike • The Mendocino Voice | Mendocino County, CA ↗
Residual-market rate rises signal wildfire-exposed property is becoming harder to insure affordably.
1–3 yrsBusiness model
Portugal Plans Mandatory Home Insurance Against Natural Disasters ↗
Mandatory natural-disaster cover would widen the insured base and reshape property catastrophe distribution in Portugal.
1–3 yrsClaims and pricing
Catastrophe Losses Stay Below Average Through First Nine Months of 2026 as Record El Niño Builds ↗
A record El Niño building could shift peril patterns, though catastrophe losses are currently below average.
1–3 yrsClaims and pricing
Expanded 'WUI' boundary doesn't seem to impact fire insurance renewals, but materials, landscaping might ↗
Wildfire-zone expansion may not yet move fire renewals, but home materials and landscaping could reprice exposure.
NowClaims and pricing
Frequent perils drive $92bn cat bill despite mega event lull: Gallagher Re ↗
Frequent perils keep driving catastrophe losses even when mega events are quiet.
NowClaims and pricing
China’s Natural Disaster Losses Hit $30 Billion in First Nine Months of 2026 ↗
China's nine-month disaster losses signal heavy natural-catastrophe loss exposure for property insurers.
NowBusiness model
Hotels explore collective insurance arrangement…JHTA surveys members as dissatisfaction grows over delayed and reduced hurricane payouts ↗
Disputed hurricane payouts push Jamaican hotels toward collective cover, signalling a widening protection gap.
NowClaims and pricing
California's Home Insurance Crisis Is Showing Up in One Place Most Homeowners Never Look: Their Mortgage Statement » Live Insurance News ↗
Rising California home insurance costs signal a structural affordability and availability squeeze for homeowners writers.
1–3 yrsClaims and pricing
ICNZ presses next government on the adaptation funding call left for the new term ↗
Large flood-exposed housing stock with unresolved adaptation funding points to growing flood insurability pressure.
NowClaims and pricing
New Mexico lawmaker questions industry group leaders over homeowners’ insurance non-renewals • Source New Mexico ↗
Homeowner non-renewals drawing political scrutiny signal pressure on insurer appetite in exposed areas.
NowClaims and pricing
ZestyAI says data gaps create a reinsurance “uncertainty premium” ↗
Patchy property data is said to add an uncertainty premium to reinsurance costs for property cat writers. Vendor-sourced claim.
NowBusiness model
FEMA retreats from disaster response and launches a tool to sell flood insurance without brokers ↗
Federal flood retreat and direct sales without brokers reshape flood protection gap and distribution for property insurers.
1–3 yrsClaims and pricing
After the heatwaves: how risk manages should prepare for an uncertain nat cat future ↗
Europe's heatwaves push risk managers to rethink nat cat loss scenarios for commercial property.
NowClaims and pricing
Heat storms have run nonstop since 2008. UK insurers still count them as weather ↗
Heat storms drive UK subsidence, heat deaths and BI disputes yet remain classed as weather, mispricing exposure.
NowClaims and pricing
‘We can’t keep rebuilding after every disaster’: insurers demand climate action from next New Zealand government ↗
Insurers say rebuilding after each disaster cannot continue, urging New Zealand climate action to curb repeat losses.