effects of climate change News

Florence was Second Wettest Storm in U.S., Behind Harvey

Hurricane Florence was the nation’s second rainiest storm in 70 years, a top rainfall meteorologist calculated. Only last year’s Hurricane Harvey rained more over a 14,000 square mile (36,260 square kilometers) area during a four-day time period, said Ken Kunkel, …

PwC UK Raises Desmond Insured Loss Estimates: $375 to $487.5 Million

Commenting on the impact of Storm Desmond, Mohammad Khan, general insurance leader at PwC UK, stated that the accounting firm’s “current estimate of the damage caused by Storm Desmond is £400 million – £500 million [$600 – $750.2 million] with …

North Carolina Judge Rejects 13-Year-Old’s Climate Change Challenge

A judge has ruled against a 13-year-old girl who took North Carolina to court over climate change, but the eighth-grader says she’ll continue to fight for environmental protections. The News & Observer of Raleigh reports Hallie Turner learned Nov. 25 …

IPCC Concludes Climate Change is Irreversible, Effective Responses Needed

The Intergovernmental Panel on Climate Change (IPCC) has issued its latest report, which states bluntly that “the effects of climate change are already occurring on all continents and across the oceans. The world, in many cases, is ill-prepared for risks …

Willis Report Warns of Growing Risks from Natural Catastrophe Exposures

“The growing threat of natural catastrophes is raising serious challenges for corporate risk managers and the insurance industry,” according to the second issue of Resilience magazine, the risk management publication from Willis Group Holdings. Rowan Douglas, Chairman of the Willis …