Climate Change News

Climate Change, Migration Top List of Global Risks: WEF Survey

Climate change and large-scale forced migration are the greatest risks facing the world according to a survey by the World Economic Forum, the organizer of next week’s meeting in Davos. The 2016 report, published Thursday, highlighted the most significant threats …

Insured Nat Cat Losses 31% Below Average During 2015: Aon Benfield Report

Global natural disasters in 2015 caused a combined total insured loss of $35 billion – 31 percent below the 15-year average of $51 billion and the lowest annual insured loss total since 2009, said a report issued by Impact Forecasting, …

2015: Second ‘Hottest’ Year on Record in U.S. Included 10 Major Weather Events

Last year was the second hottest on record in the contiguous United States, and included 10 major weather and climate events, such as droughts and storms, that each led to over $1 billion in damages, the National Oceanic and Atmospheric …

Reinsurance Group Head Puts Science in Climate Change Discussion

Asked for his thoughts on climate change, Frank Nutter expeditiously turned to science. His sphere of influence is far-ranging as president of the Reinsurance Association of America, a position he’s held since 1991. Nutter has addressed the topic of climate …

El Niño Helped Reduce Natural Catastrophe Losses in 2015: Munich Re

Insurers paid out around $27 billion for natural disaster claims last year with weather causing 94 percent of incidents, underscoring the challenge posed by climate change, data from reinsurer Munich Re showed on Monday. While the climate phenomenon known as “El …

Warm 2016 May Help Put Climate Change on The Map – Even Higher That Is

If you think you heard a lot about climate change in 2015, wait till next year – or next week depending on how you want to look at it. Next year may be on track to the be warmest year …

Virginia’s Tangier Island Residents Could Become ‘Climate Change Refugees’

A report says islanders in the middle of the Chesapeake Bay could be among the first “climate change refugees” in the continental United States. The research published in the journal Scientific Reports says residents of steadily shrinking Tangier Island in …

Report: Southeast States Unprepared for Future Risks from Climate Change

  Many states across the country, particularly in the Southeast, are unprepared to face the risks posed from extreme heat, drought, wildfires, inland flooding, coastal flooding and other extreme weather events, according to a new report card from the States …

Scant U.S. Insurance Presence at Paris Summit, Says Ceres

You’d think just about everyone who’s anyone attended the massive climate change summit in Paris ending this week. The 2015 United Nations Climate Change Conference, COP 21, drew an estimated 50,000 attendees to discuss ways to reduce Mankind’s carbon footprint, as well …

Business Interruption Claims on the Rise: Allianz

The average large business interruption (BI) property insurance claim is now in excess of $2.4 million, 36 percent higher than the corresponding average property damage claim of just over $1.7 million, according to a report from Allianz Global Corporate & …