First Look Insurers face new challenges after long series of natural disasters

Following a season of hurricanes, flooding, and earthquakes around the world, customers and governments are facing rising insurance rates.  Experts suggest that insurance companies should re-evaluate their repricing strategies as disasters become more common. 

Alvin Baez/Reuters

With its string of hurricanes, floods, and other weather shocks, 2017 may be the most expensive year on record for disaster losses, insurance experts warned on Tuesday.