climate models News

EU Banks Expand Risk Models to Better Prepare for Climate-Change Fallout

European banks are building out their risk models to better prepare for the fallout from climate change, with some even examining the short-term liquidity implications of a hotter planet, according to a joint survey conducted by the Association for Financial …

Risky Business: Climate Change Turns Up Heat on Insurers, Policyholders

Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned to retire. But after a wildfire swept through their Northern California town of Paradise three years ago, burning their home …

Climate Models May Have Underestimated Impact of Extreme Weather Events

As scientists gather online to finalize a long-awaited update on global climate research, recent extreme weather events across the globe highlight the need for more research on how it will play out, especially locally. The list of extremes in just …

Some Scientists See More Intense, Wetter Hurricane Season Storms

Like death and taxes, the annual hurricane season can be counted on as a sure thing. The number and intensity of named storms may vary each year, as well as where they occur and whether or not they make landfall. …

Climate Models Are Not Designed for Use by Financial Markets, Scientists Warn

Misuse of climate models could pose a growing risk to financial markets by giving investors a false sense of certainty over how the physical impacts of climate change will play out, according to the authors of a paper published on …

Lenders With the Best Climate Data Will Be in a Position to Discriminate: Viewpoint

We now live in a world where climate gentrification exists: People and institutions are starting to assess and appraise properties based on their susceptibility to climate impacts. The idea was largely hypothetical as recently as 2016, but over the past …

Arctic Melt Creates Weakest Gulf Stream in 1,000 Years, Weather Shifts Expected

Gulf Stream water currents in the Atlantic Ocean have slowed to the weakest in as long as 1,000 years, threatening shifts in U.S. and European weather, as well as coastal sea levels including in New York and Boston. The currents …

Meteorologists Watch for Signs of El Nino in Warmer Pacific Ocean

Weather conditions similar to El Nino will continue amid warming of the Pacific Ocean as thresholds for the event that brings drought to Asia and heavier-than-usual rains to South America may be reached by early next year. Three of eight …

Strong El Nino Seen Unlikely by Australia as Pacific Cools

The odds of a strong El Nino, which brings drought to the Asia-Pacific region and heavy rains to South America, are increasingly unlikely after the tropical Pacific Ocean cooled, according to Australia’s weather bureau. A general lack of atmospheric response …

‘Mega Trends’; Optimism at the EIF 2014 Conference; DIMA CEO Interview

Ireland has been through some difficult economic times, but this year’s European Insurance Forum, held at the Four Seasons Hotel on May 15 and 16, highlighted the progress that’s been made, and the bright prospects for the future, as well …