With temperatures pushing above 90 degrees in parts of the Midwest and Northeast United States this week, many American workers are clocking in during what AccuWeather described as an “intense heat wave that is impacting more than 135 million people.” …
Extreme weather, operational and battery risks — insuring the growing solar industry brings insurance companies, agents and brokers face-to-face with evolving challenges. “We’re seeing burgeoning growth in solar, wind, and battery storage,” said Jason Kaminsky, CEO at kWh Analytics in …
Data fraud, questionable accounting practices and intensified catastrophes are just some of the issues that have battered the voluntary carbon market. Those misfortunes have helped spur a new line of business: Insurance policies designed to de-risk credits that polluters buy …
Global insured losses from natural catastrophes totaled $118 billion in 2023, according to Aon’s annual Climate and Catastrophe Insight report. That number represented 31% of the total economic loss caused by 398 global natural disaster events. While 2022 saw the …
When a toilet is flushed in California, the water can end up in a lot of places – the ice in a skating rink, the manufactured snow on ski slopes, in pipes providing irrigation for farmland. And – coming soon …
While only three hurricanes made landfall in the United States this year, rapidly intensifying hurricanes in the Atlantic and Pacific oceans charted near the top of record lists in 2023. Each of the year’s major Atlantic hurricanes — Lee, Idalia …
A Nationwide study has found that independent insurance agents believe many of their commercial clients don’t have adequate coverage to protect their businesses from severe weather. While 82% of surveyed property stakeholders reported working with an agent to ensure appropriate …
The Texas ranch where Gilda Jackson trains and sells horses has been plagued by grasshoppers this year, a problem that only gets worse when the hatch quickens in times of heat and drought. Jackson watched this summer as the insects …
U.S.-based insurers have invested hundreds of billions of dollars in fossil fuel-related assets which in turn contribute to the risk of climate-related damage to the underwriting side of their businesses, a new report said on Tuesday. A data sample comprising …
Heat searing enough to knock out mobile phones. Wildfire smoke that turns the skies an apocalyptic orange. Flash floods submerging towns in upstate New York and Vermont. This grim procession of recent disasters is being driven in part by climate …
