As the world warms, extreme weather is disrupting the production of some of life’s great comforts—wine, olive oil, coffee and cocoa. Some of these crops are concentrated in one or two regions, which means wonky weather in one part of the world can have a dizzying impact on global prices.
Tag: extreme weather
CSU Predicts ‘Extremely Active’ 2024 Atlantic Hurricane Season
Weather forecasters at Colorado State University (CSU) on Thursday predicted an “extremely active” 2024 Atlantic hurricane season because of warm sea surface temperatures and less wind shear to break up storms in the summer and fall.
U.S. Races to Fortify Power Grid Against Extreme Weather
A gusher of cash is starting to pour out of Washington to carry out the Biden administration’s plan to strengthen the U.S. power grid and make it more resilient to outages and extreme weather.
Insurance Industry Faces Average Annual Natural Catastrophe Losses of $133B: Verisk Report
The global modeled insured average annual loss from natural catastrophes is $133 billion, a new high captured in the latest analysis using Verisk’s extreme event solutions models.
Technologies Designed to Protect Homes Against Extreme Weather
Threats from hurricanes, wildfires and tornadoes are a growing concern for many homeowners looking for ways to protect their properties—especially as some scientists report that extreme weather events will likely continue to have far-reaching consequences in coming years. New technologies are emerging. Companies are developing innovative roof systems such as one made by Tesla Inc.… Continue reading Technologies Designed to Protect Homes Against Extreme Weather
Insurers Avoid Steep Losses Thanks to Reinsurance, Premiums Expected to Rise
American International Group Inc. and other insurers avoided significant losses this year as a result of a spate of extreme weather, thanks in part to the reinsurance industry. However, increased reliance on these policies almost certainly means price increases are on the way. “This year we’re seeing good demand and good price increases for reinsurance,… Continue reading Insurers Avoid Steep Losses Thanks to Reinsurance, Premiums Expected to Rise
Biden Launches Plan to Address ‘Silent Killer’: Extreme Heat
The Biden administration is moving to protect workers and communities from extreme heat after a dangerously hot summer that spurred an onslaught of drought-worsened wildfires and caused hundreds of deaths from the Pacific Northwest to hurricane-ravaged Louisiana. Under a plan announced Monday, the departments of Labor, Health and Human Services and other federal agencies are… Continue reading Biden Launches Plan to Address ‘Silent Killer’: Extreme Heat
Extreme Weather to Push Property Insurance Higher, Says Hippo CEO
Extreme weather events and shortage of labor and materials for repairs will push property insurance rates higher in the next several years, the chief executive of U.S. home insurer Hippo said on Tuesday. As homeowners stayed home during the pandemic, their properties suffered more damage due to issues such as bathroom leaks, and it was… Continue reading Extreme Weather to Push Property Insurance Higher, Says Hippo CEO
Biden Doubles FEMA Program to Prepare for Extreme Weather
The Biden administration said it would spend $1 billion to help communities prepare for worsening disasters, the latest sign of the toll that climate change is already taking across the United States. The change will double the current size of a Federal Emergency Management Agency program that gives money to state and local governments to… Continue reading Biden Doubles FEMA Program to Prepare for Extreme Weather
Biden Orders U.S. Agencies to Assess, Mitigate Risks of Climate Change
President Joe Biden on Thursday directed federal agencies to assess and mitigate the increasing and serious risks that climate change poses to individuals, businesses, the federal government and the U.S. financial system, the White House said. Biden issued an executive order requiring development of a comprehensive government-wide climate-risk strategy within 120 days, as well as… Continue reading Biden Orders U.S. Agencies to Assess, Mitigate Risks of Climate Change