Mercury Insurance Builds Climate Science Team to Tackle the Impact of Extreme Weather Events

Group 1 - Mercury Insurance has appointed Steve Bennett as Senior Director of Climate and Catastrophe Science to lead a team focused on risk mitigation in property and casualty insurance [1][2] - The company aims to work collaboratively with homeowners, municipalities, and government to create more resilient and insurable risks in high-risk areas affected by climate change [2][4] - Mercury has successfully written more policies in areas where competitors have withdrawn, such as Paradise, CA, by implementing new zoning and construction standards for wildfire mitigation [3][4] Group 2 - The company emphasizes a science-based approach to risk management, encouraging customers to enhance their properties against catastrophic events in exchange for affordable coverage options [3][5] - Bennett brings over 30 years of experience in climate risk and effective risk management, previously co-founding Demex and serving on the faculty at the University of North Carolina [5] - Mercury's strategy includes analyzing geographical factors, building methods, and policy concentration to manage catastrophic risks more effectively, rather than excluding entire areas from coverage [4][5]