In 2023, U.S. home insurers suffered their worst underwriting losses this century, with substantial claims for storms, floods, wildfires, and other events. Milliman’s Nancy Watkins recently joined a podcast for Climate Proof, a newsletter covering insights on climate adaptation and resilience finance, investment, and technology. Watkins, who specializes in climate resilience, insurtech and catastrophic property risk, discussed the following with host Louie Woodall, founder and editor of Climate Proof:
- Headwinds facing the US insurance market
- Resilience measures to ease the emerging affordability and availability crisis
- The role of catastrophe models in the insurance industry and their importance in a climate-transformed world.