One of the most pressing challenges facing insurance professionals today is the escalating impact of extreme weather events in traditionally disaster-prone areas. Last year alone, the U.S. witnessed a staggering $92.9 billion in weather-related damages, making it a record-breaking year …
The names Isha, Babet, and Henk will all be familiar to Britons, but not because they belong to people — they are some of the most destructive storms that have swept through the UK in the past year. In an …
The United States and the Philippines are the countries hit hardest by climate-driven extreme weather, measured as a percentage of their economies, according to a report released Wednesday by global reinsurance giant Swiss Re. The US currently experiences the worst …
Powerful winds have killed a man and brought widespread destruction across Australia’s second-most populous state, leaving 530,000 homes and businesses without power and fanning fires that razed homes and injured five firefighters, officials said on Wednesday. Winds of up to …
When investors contemplate risk, it’s straightforward to think about measurable economic shifts like rising interest rates, inflation and sales trends. The data are readily available and simple enough to incorporate into financial models. The looming risks from climate change, on …
A California startup using artificial intelligence (AI) and satellites to spot fire and weather risks on power lines, AiDash, reported it had raised $50 million in new funding, reflecting Silicon Valley efforts to create products that help energy companies adapt …
Ex-Tropical Cyclone Kirrily has uprooted trees and felled powerlines in Australia’s Queensland state, leaving tens of thousands without electricity or phone service as the state braces for further wild weather into the weekend. The storm has weakened to a tropical …
Australia is being lashed by damaging winds and heavy rainfall as Severe Tropical Cyclone Kirrily makes landfall, the biggest system to hit the Queensland coast in almost five years. Kirrily is crossing near Townsville as a Category 3 system, and …
The insurance industry is grappling with a new kind of weather risk that’s increasingly driving its biggest loss category. While no single weather event caused more than $10 billion in losses for insurers last year, there were 37 thunderstorms that …
Two Australian resource-rich regions are bracing for potentially damaging storms that could lead to flooding, the latest threats after months of extreme weather events. A tropical low developing in the Coral Sea off Queensland state is likely to become a …
