Thunderstorms this year have battered the U.S. as never before, forcing businesses and insurers to grapple with record-setting levels of damage more typically found with hurricanes.
Tag: hurricanes
Record Number of Billion-Dollar Disasters Shows the Limits of America’s Defenses
The United States has suffered 23 billion-dollar disasters so far in 2023, a record for this point in the year that highlights the country’s struggle to adapt to the effects of climate change.
Climate Shocks Are Making Parts of America Uninsurable
Insurance companies, tired of losing money, are raising rates, restricting coverage or pulling out of some areas altogether — making it more expensive for people to live in their homes.
Hurricanes Moving Farther North to Pummel Millions More U.S. Homes
According to new research, shifting weather patterns influenced by climate change will push strong storms up the East Coast, increasing wind speeds and damage from gusts.
Countdown: The Rising Cost of Climate Disasters
According to insurers and risk modeling experts, climate change has increased the cost of natural disasters by increasing the frequency and severity of flooding and wildfires.
Storm Survivors Say Disaster Relief System Needs to Be Fixed
Survivors of storms proposed five reforms to help future storm victims avoid the delays, runarounds, and financial desperation they encountered.
Verisk Releases Climate Change Projections for U.S. Hurricane and Caribbean Tropical Cyclone Models
Leading global data analytics provide Verisk has announced the availability of climate change projections for its U.S. Hurricane and Caribbean Tropical Cyclone Models, which can assist in quantifying climate-related, extreme event losses and their potential evolution over the next few decades. Climate change projections offer a probabilistic view of future risk in 2030, 2050, 2075,… Continue reading Verisk Releases Climate Change Projections for U.S. Hurricane and Caribbean Tropical Cyclone Models
Bold Action, Big Funding Needed for Hurricanes, Climate
After two of the most devastating hurricane seasons in recent memory, particularly for my home state of Louisiana, another one begins. On a recent return trip, as my plane descended into the New Orleans airport, I saw countless homes with blue tarps covering their roofs, nine months after Hurricane Ida wreaked havoc from Louisiana’s bayou… Continue reading Bold Action, Big Funding Needed for Hurricanes, Climate
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
Extreme Weather Makes Insurer Reimbursement Increasingly Challenging
Almost six months after Hurricane Ida lifted the roof off Brett Gabriel’s house, filling it with rain water, rebuilding feels nearly as out of reach as it did the day of the storm. Between gutting the mold-covered walls and replacing the waterlogged floors in his home about 45 miles southwest of New Orleans, it will… Continue reading Extreme Weather Makes Insurer Reimbursement Increasingly Challenging