Basis risk refers to the potential mismatch between the value of an asset or liability and the financial instrument used to hedge or manage its risk. This divergence can result in unexpected gains or ...

Homeowners insurance can be harder to get or more expensive depending on your house's location, age and condition, your claims history and even your credit score. But even if you've been rejected or ...

In 2023, wildfires destroyed 2.7 million acres in the U.S., according to the Center for Disaster Philanthropy, including more than 3,000 homes. In just the first six weeks after the August 2023 fire ...

From determining risk and setting premium rates to determining claim payouts, and optimizing customer outreach, insurance is highly dependent on data. Anywhere there’s a lot of data, AI provides ...

Regulation of property insurance pricing involves trade-offs that will determine how disaster risks impact households’ budgets. Allowing prices to reflect property-specific risks offers several ...