Thunderstorms and sudden, unpredictable wind storms called derechos are becoming a bigger threat to your summer travel plans.
Tag: thunderstorms
Catastrophe Bonds Based on Models that Often Underestimate Climate Risks
Catastrophe bonds and other insurance-linked securities, which powered last year’s highest-returning hedge fund strategy, are built on calculations that can underestimate a new breed of risk stemming from high-frequency events such as wildfires and thunderstorms, according to veteran investors.
A Punishing Year of Thunderstorms Has Led to Record-Breaking Losses
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.
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.