New Zealand's Earthquake Commission (EQC) is the government agency providing natural disaster insurance for homeowners.

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The bell has rung at Lloyd's for one insufficiently reserved insurance disaster after another since the early 1990s.

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Americans buy auto and homeowners insurance in case of disaster but don't mind paying for routine car and home repairs.

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Generally, you claim a casualty loss for property damage not covered by insurance or reimbursement in the year the disaster occurs.

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That may make leave those in Washington boiling, but from our perspective Transocean paid what was likely a hefty price for such insurance in order to protect shareholders in the event of such a disaster.

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Many are probably thinking about the insurance battle ahead, or the money issues that even the most prepared for a natural disaster have to deal with.

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Regular homeowners insurance provides coverage for the cost of additional living expenses if a home is damaged by an insured disaster, such as wind damage or a tree that fell through the roof.

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Stormy Future for U.S. Property and Casualty Insurers: The Growing Costs and Risks of Extreme Weather Events lays out a plan of action for insurance companies, regulators and investors to deal with the increased risks tied to climate-driven disaster.

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