Extreme Weather Fueled by Climate Change Hit 4 in 10 Americans Where They Lived in 2021

climate change and higher insurance rates

Wildfires raging in the West, exacerbated by drought; heavy rains in the Midwest, Northeast, and South; deadly heat waves in the Pacific Northwest; hurricanes wreaking havoc from the Gulf Coast to New England: Many Americans found it impossible to ignore the extreme weather caused by climate change in 2021. According to a Washington Post analysis,… Continue reading Extreme Weather Fueled by Climate Change Hit 4 in 10 Americans Where They Lived in 2021

Forecasters Warned of Flooding and Tornadoes in Louisiana, Mississippi and Alabama

A Caution Sign in Front of Storm Clouds Warning of Hurricane Season.

As the remnants of Hurricane Ida move farther inland in the coming days, the storm system is expected to lose strength, but continue to pose a danger to many parts of the Southeast, the National Hurricane Center said. Ida, which was downgraded to a tropical storm early Monday morning, will likely bring heavy rainfall, and… Continue reading Forecasters Warned of Flooding and Tornadoes in Louisiana, Mississippi and Alabama

Henri Brings Floods, Power Outages to East Coast

Rainy Day Bad WeatherRainy Day Bad WeatherRainy Weather

After making landfall in Rhode Island Sunday, Henri weakened as it moved slowly along the Eastern U.S., bringing heavy rain but also relief that the storm didn’t hit as hard as feared. Tens of thousands of homes and businesses lost power in Rhode Island, Connecticut and Massachusetts. Heavy rains that could cause flash flooding are… Continue reading Henri Brings Floods, Power Outages to East Coast

Severe Weather in March Results in Billion-Dollar Hit to Insurers

natural catastrophe losses

Aon has launched the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of natural disaster events worldwide during March 2021. The report reveals that multiple severe weather outbreaks in the United States, including tornadoes, hail, and flooding, resulted in billion-dollar insurance losses. Impact Forecasting® summarizes publicly available information which we… Continue reading Severe Weather in March Results in Billion-Dollar Hit to Insurers

Study Marks Major Milestone for Louisiana Coastal Plan

clear winter day in the marsh of Mississippi

A nearly $2 billion plan to divert water and sediment from the Mississippi River to rebuild land in southeastern Louisiana — considered the cornerstone of the state’s efforts to protect its rapidly eroding coast — has passed a major milestone with the publication of the long-awaited Army Corps of Engineers environmental impact study. The report… Continue reading Study Marks Major Milestone for Louisiana Coastal Plan

Eta Regains Hurricane Strength wth Florida in Its Sights

A hurricane on earth viewed from space. This is a rendered image.

After days of meandering in the Gulf of Mexico, Hurricane Eta is zeroing in on Florida’s west coast, where it could make landfall Thursday. A hurricane watch has been posted along the shore from Anna Maria Island, south of Tampa, to Yankeetown. Eta could push ocean levels as high as 5 feet (1.5 meters) above… Continue reading Eta Regains Hurricane Strength wth Florida in Its Sights

Coastal Flooding Could Hit 20% of World GDP by 2100: Study

TWIA credit line for storm damage

Failure to rein in climate change and bolster sea defenses could jeopardize up to a fifth of the world’s economic output by the end of the century, as flooding threatens coastal countries worldwide, according to a study released on Thursday. From Bangladesh and India to Australia and even Britain, rising sea levels already are leading… Continue reading Coastal Flooding Could Hit 20% of World GDP by 2100: Study

Boardrooms Urged Not to Let Climate Change Drop Off the Agenda After Pandemic

climate change and health insurance

Board directors have been informed of the need to maintain focus on meeting the UK government’s target of a net zero carbon economy by 2050, as well as the short-term goal of reaching a 50% reduction in emissions during the decade. Speaking at a webinar jointly organised by Chapter Zero and Willis Towers Watson, Susan… Continue reading Boardrooms Urged Not to Let Climate Change Drop Off the Agenda After Pandemic

Are Floating Hotels, Office Buildings the Answer to Rising Sea Levels?

TWIA credit line for storm damage

A real-estate investor is building 16 hotels for the 2022 soccer World Cup in Qatar, but they won’t be there for long. All of them will be floating on water. Admares, the Finnish company behind the project, reached a deal last month to build the temporary lodging. Chief Executive Mikael Hedberg got the idea for… Continue reading Are Floating Hotels, Office Buildings the Answer to Rising Sea Levels?

QBE Says Parts of Planet Becoming Uninsurable Due to Climate Concerns

FEMA makes disaster funding easier

Global insurance giant QBE has warned climate change poses a material threat to its business and the entire economy as its chief executive Pat Regan said premiums were at risk of becoming too high in areas exposed to repeated, extreme weather. The comments came after the insurer posted a statutory profit of $550 million, up… Continue reading QBE Says Parts of Planet Becoming Uninsurable Due to Climate Concerns