Climate Control News

Report: ‘Climate-Exacerbated Wildfires’ Cost U.S. $394B-$893B Each Year

“Climate-exacerbated wildfires” cost the nation $394 billion to $893 billion each year in economic costs and damages, according to a Congressional report out this week. The range combines estimates from existing research on property damage, deaths and injuries, health impacts …

Climate Change Can Cause U.S. Households ‘Significant Financial Strain’

Households can experience significant financial strain through pressures to income and expenses due to climate hazards, a report from the U.S. Department of Treasury shows. The report, The Impact of Climate Change on American Household Finances, adds to the department’s …

Report Examines Hot Summer Days Linked to Climate Change in U.S. Cities

A new analysis shows which U.S. states, regions and cities felt the strongest influence of climate change during the summer – the hottest on record. The analysis from Climate Central, a group of scientists and communicators who research and report …

Report: Climate Change Boosts Risk of Extreme Wildfires 25%

A group of scientists used machine learning to quantify empirical relationships between temperature and the risk of extreme daily wildfire growth in California to show the influence of temperature on the risk – and they found that climate change boosts …

More Funding for U.S.-Based Provider of Retained Climate Risk Reinsurance

Demex Group raised $5 million from a syndicate of existing and new investors the company says will address accumulating losses caused by secondary perils. The managing general agent, which “operates at the intersection of climate, insurance, and technology,” last year …

Report: 244M in U.S. Felt at Least One July Day with Temps Likely Due to Climate Change

Eight-in-10 people around the globe in July were exposed to one day or more of heat made at least three times more likely by climate change, and 244 million people in the U.S. experienced at least one such day in …

Bill to Make Big Companies in California Disclose Emissions Worth Watching in All States

A bill to make large companies in California disclose their emissions is worth a watch in all states. The moving through California Legislature – it passed the Assembly Natural Resources Committee this week – could set a stage in other …

Index Measures and Quantifies Severity of Heat Waves in a Warmer World

AccuWeather is launching what it says is the only scale that tracks the duration and severity of heat waves, which are becoming more common occurrences due to factors like climate change, deforestation and urban heat island effects. AccuWeather’s HeatWave Counter …

Study Blames Climate Change for Summer Wildfire Rise in California

A study out this week shows that nearly all of the observed increase in summer wildfires in California over the past half-century is attributable to man-made climate change. An international team of scientists looked at data from record-breaking summer forest …

Climate Change, Wildfire Risk and State Farm’s California Decision

Several reasons were given within State Farm’s announcement last week the carrier was no longer writing new personal or business property/casualty policies in California – including a challenging reinsurance market, increased risks and historic increases in construction costs outpacing inflation. …