Weather and Climate Change Risk

California's insurer of last resort is careening toward another hot and dry summer with its coffers already strained. That's raising the prospect that state residents will need to pick up the bill for more funds.

The global insurance protection gap was last estimated at $1.8 trillion, according to SAS.

Increasing weather-related risks and costs combined with companies pulling out of some states, is affecting the remaining carriers and state insurers.

Though consumers are open to the use of AI in severe weather risk monitoring, trust and transparency is key, according to a 2025 Insurity report.

Earlier this week, NOAA scientists and staff were told to log and clear all international contacts and communication, according to internal communications seen by Bloomberg News.

The California-based insurtech uses AI-powered models and property-specific data to address all perils, including wildfire, severe convective storms and non-weather water.

Insights from Clyde & Co, Climate X and Innsure.

Even the most-sophisticated scientific models fail to capture all the risk factors or properly account for the increasing impact of climate change.

When it comes to pricing property risk and assessing the impact of severe weather events, catastrophe models are the backbone of the process.

ZestyAI research shows that 45% of properties have multiple structures, highlighting the potential for coverage gaps.