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Biden doubles U.S. spending on preparations for extreme weather

The $1 billion will help communities prepare for hurricanes, floods and wildfires, with a portion allotted specifically to disadvantaged communities, the White House said.

It said the United States had 22 separate weather- and climate-related disasters in 2020 costing a total of nearly $100 billion in losses.

Africa Specialty Risks unveils Parametric Underwriting Division

Mikir Shah, CEO of ASR, commented: “The establishment of the parametric division demonstrates our commitment to de-risking investment and increasing resilience across the African continent. Our vision is to unlock greater and more streamlined protections for insureds, ensuring that inward investment in Africa continues to boost economic activity and growth on the continent, via the integration of innovative, technological solutions. 

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