climate risk News

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 issueโ€”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 …

Flood-Stricken British Columbia Weighs Cost of Climate-Proofing Infrastructure

CALGARY, Alberta โ€“ Flood-stricken British Columbia is considering major upgrades to its highway network to make it more resilient to climate change risks, as the province starts reconstruction work after last week’s devastating floods. Upgrades would include building longer bridges …

Climate Reckoning Is Coming for the World’s Government Debt

For years climate scientists have warned about the ferocious wildfires and hurricanes that are now overwhelming many communities. Today alarms are ringing about a related financial danger: risks lurking within government bonds, the biggest part of the global debt market. …

Biden Administration Seeks Views on Climate Risks in Insurance, Financial Markets

In a season of daunting wildfires and flooding, the Biden administration is taking an initial step to assess how climate change could harm financial markets with the launch of a 75-day comment period on how the impacts could reshape the …

Climate Risk is Shaping Insurance โ€“ Here’s How

This post is part of a series sponsored by CoreLogic. The New Paradigm of Climate-Conscious Insurance As climate change alters the atmosphere and increases the frequency and severity of natural catastrophes, insurers must adapt to a shifting environment and industry …