extreme weather risks News

Federal Reserve Assesses Vulnerability, Viability of New York City’s Basement Housing

Approximately 10% of low-income and immigrant New Yorkers live in areas with basement apartments that are at high risk of flooding, according to a report released by the Federal Reserve Bank of New York. The report,”Flood Risk and Basement Housing …

Climate Crisis Is Top Risk Facing World for Next Decade: World Economic Forum Survey

There’s little faith in the global economic recovery accelerating, with officials and business leaders citing climate change and rising social tensions, alongside the pandemic, among their top risks, the World Economic Forum found. Only one in six survey respondents from …

Insurers Pummeled by Car Dealers’ Claims for Hail-Damaged Vehicles

A hailstorm that pounded down on a Subaru dealership in Plano, Texas, barely lasted 30 minutes, but left behind a trail of smashed windows, dented hoods and millions of dollars’ worth of claims for an insurer to cough up. Damage …

World Energy Council Report Warns on Extreme Weather Risks

The number of extreme weather events increased more than four times from only 38 events in 1980 to 174 in 2014, according to The World Energy Council. The report warns that not all energy infrastructure is prepared for extreme weather, …