Hurricanes are keeping their staying power longer once they make landfall, spreading more inland destruction, according to a new study. Warmer ocean waters from climate change are likely making hurricanes lose power more slowly after landfall, because they act as a reserve fuel tank for moisture, the study found. With Eta threatening Florida and the… Continue reading Hurricanes Stay Stronger Longer After Landfall than in Past
Tag: climate change
WTW Acquires Acclimatise to Strengthen Its Climate Resilience Leadership
Willis Towers Watson, a leading global advisory, broking and solutions company, today announced the acquisition of Acclimatise, the market leader in climate change adaptation advisory and analytics services, to meet growing demands from corporates, Governments and financial institutions. Willis Towers Watson’s Climate and Resilience Hub (CRH) has expanded its scope to help clients address the… Continue reading WTW Acquires Acclimatise to Strengthen Its Climate Resilience Leadership
Glass Fire 95% Contained After Burning Nearly 800 Homes in Napa, Sonoma Counties
The Glass Fire, a destructive wildfire that burned close to 800 homes in California’s North Bay area and forced tens of thousands to evacuate after sparking in extreme wind late last month, is almost fully contained. With temperatures cooler, humidity higher and winds calmer, crews have made great progress in recent days, boosting containment to… Continue reading Glass Fire 95% Contained After Burning Nearly 800 Homes in Napa, Sonoma Counties
UN Report Shows Climate Change Causing ‘Dramatic Rise’ in Economic Losses
Climate-related and geophysical disasters such as earthquakes and tsunamis have killed 1.3 million people over the last 20 years and left a further 4.4 billion injured, homeless or in need of emergency assistance, UN experts recently reported. The findings, published by the UN Office for Disaster Risk Reduction (UNISDR), also show that people in low-… Continue reading UN Report Shows Climate Change Causing ‘Dramatic Rise’ in Economic Losses
California Firefighters Tap AI for an Edge in Battling Wildfires
Agencies battling wildfires in California are turning to artificial intelligence and other technologies to predict the spread of blazes and help guide the response of firefighting crews. The AI-based tools are helping officials monitor fires, evacuate threatened areas and send often-stretched resources to places they will do most good. This year, wildfires in California alone… Continue reading California Firefighters Tap AI for an Edge in Battling Wildfires
AXA XL Unveils Carbon Management Strategy
AXA XL this week unveiled its Carbon Management Strategy which aims to accelerate its contribution to the transition towards a more sustainable and less carbon-intensive economy by 2050. The strategy, which aligns to AXA Group’s goals and the objectives of the Paris Agreement, outlines AXA XL’s commitment and roadmap to decarbonize its operations in order… Continue reading AXA XL Unveils Carbon Management Strategy
Munich Re Issues Green Bond
For the first time in its history, Munich Re has issued a subordinated green bond, with the volume issued amounting to €1.25bn. This bond highlights Munich Re’s commitment to using the capital markets to help achieve a climate-friendly transformation of the economy. Munich Re will use the raised capital to finance or refinance sustainable projects… Continue reading Munich Re Issues Green Bond
New York Regulator Pushes Insurers on Climate Change
One of New York state’s top financial watchdogs urged insurers to better manage the risks they face from climate change, joining other regulators world-wide raising alarms about the shocks severe weather could cause the financial system. “As the global public-health pandemic of Covid-19 has made clear, preparation is key to addressing systemic risks. By the… Continue reading New York Regulator Pushes Insurers on Climate Change
Businesses Call on U.S. Insurers to Ditch Fossil Fuel Underwriting
A group of about 60 American businesses on Thursday urged their insurers to stop providing coverage to and investing in fossil fuel producers. In a letter, companies including outdoor-gear producer Patagonia and ice-cream maker Ben & Jerry’s, a unit of Unilever, called on U.S. insurers to drop ties to coal, oil and gas. “The insurance… Continue reading Businesses Call on U.S. Insurers to Ditch Fossil Fuel Underwriting
West Coast Fires Are Raising Covid-19 Risks
After struggling for months to bring down coronavirus infection rates, Western states are now seeing that progress threatened by the wildfires engulfing the region. In Oregon, thousands of people are sleeping on cots—without masks—at evacuation shelters. Smoke from the fires has forced Covid-19 testing sites to close from Los Angeles all the way to northern… Continue reading West Coast Fires Are Raising Covid-19 Risks