climate risk News

AXA CEO Says Prevention Needed to Keep Home Insurance Affordable

A leading insurance executive said the best way to keep price increases in check for property insurance in regions exposed to climate change is to mitigate the impact of natural disasters. Prevention needs to become “a mandatory part” of insurance …

Catastrophe-Bond Issuance Pushes Overall Market to Almost $50 Billion

Catastrophe-bond issuance rose to a record this year, increasing the overall market to almost $50 billion, as insurers transferred more risk from costly climate disasters to private investors. Sales of bonds earmarked for supplemental coverage of large windstorms, earthquakes and …

Zillow Listings Will Now Highlight Climate Risks, Insurance Info

For-sale listings on Zillow will now feature detailed climate risk information for five key categories — flood, wildfire, wind, heat and air quality — along with insurance recommendations, according to the online real estate company. The climate risk data, provided …

Extreme Rain Is a Growing Climate Threat to the Northeastern US

As high temperatures break records around the US and wildfires rip through the West, another climate-driven weather hazard — extreme rainfall — is pummeling the country’s Northeast and scientists say it will get worse as the climate changes. That will …

Viewpoint: The Time to Modernize Building Codes, Protect Communities Is Now

As we’ve seen for the past several years, severe weather is no longer a seasonal or geographic issue—climate risk has now made these events possible all year long and in every state. The statistics back up this frightening reality. November’s …

US Homebuyers Weigh Climate Risk in Picking a House, Zillow Says

More than four in five US homebuyers are factoring in climate risks when they shop for a new house, according to a new survey by real estate firm Zillow. Some 83% of respondents said they weighed at least one climate …

Americans Are Moving Toward Climate Danger in Search of Cheaper Homes

A midsummer quiz: Let’s say you read about an area experiencing blistering heat for weeks on end. Heat so hot that in the day, you can’t go outside, and at nighttime it’s still above 90F. Would you cross that off …

FutureProof Secures $6.5M to Launch Climate Risk MGA

San Diego-based FutureProof Technologies, which calls itself a “climate-smart property/casualty insurtech,” announced that it has raised $6.5 million in capital led by AXIS Digital Ventures, bringing its total capital raised to nearly $10 million. The firm said the his capital …

Hundreds of Thousands of Farm Animals Perish in Canada Floods

Hundreds of thousands of livestock have perished in floodwaters in Canada’s westernmost province, the British Columbia government said Thursday. Back-to-back deluges from atmospheric rivers have damaged major transport routes, forced evacuations and briefly isolated Canada’s biggest port. The agricultural region …

Western Canada Braces for Another Deluge From ‘Atmospheric River’

British Columbia, home to Canada’s biggest port, is bracing for its most intense deluge after a series of damaging rain storms and historic flooding. A so-called atmospheric river is threatening to dump more water on parts of the far west …