climate News

Drought-Prone California Oks New Rules for Turning Wastewater into Drinking Water

When a toilet is flushed in California, the water can end up in a lot of places – the ice in a skating rink, the manufactured snow on ski slopes, in pipes providing irrigation for farmland. And – coming soon …

Expert: ‘Active Year Worldwide’ for Rapid Hurricane Intensification

While only three hurricanes made landfall in the United States this year, rapidly intensifying hurricanes in the Atlantic and Pacific oceans charted near the top of record lists in 2023. Each of the year’s major Atlantic hurricanes — Lee, Idalia …

Nationwide: Gap Between Agents, Commercial Clients View of Severe Weather

A Nationwide study has found that independent insurance agents believe many of their commercial clients don’t have adequate coverage to protect their businesses from severe weather. While 82% of surveyed property stakeholders reported working with an agent to ensure appropriate …

Weather Extremes May Force More Farmers, Ranchers to Consider Costly Irrigation

The Texas ranch where Gilda Jackson trains and sells horses has been plagued by grasshoppers this year, a problem that only gets worse when the hatch quickens in times of heat and drought. Jackson watched this summer as the insects …

US Insurers Invested in Fossil Fuels as Climate Risks to Underwriting Mount

U.S.-based insurers have invested hundreds of billions of dollars in fossil fuel-related assets which in turn contribute to the risk of climate-related damage to the underwriting side of their businesses, a new report said on Tuesday. A data sample comprising …

Ocean Temperatures Hit 90 Degrees, Fueling Weather Disasters

Heat searing enough to knock out mobile phones. Wildfire smoke that turns the skies an apocalyptic orange. Flash floods submerging towns in upstate New York and Vermont. This grim procession of recent disasters is being driven in part by climate …

Rising ‘Anti-ESG’ Sentiment in US Is Impacting Funds, HSBC Says

The backlash against investing strategies that factor in environmental, social and governance issues is rising in the US and is impacting the way managers are thinking about integrating such considerations into their funds, according to a survey by HSBC Holdings …

State Regulators Need to Improve ‘Fragmented’ Efforts to Assess Insurers’ Climate Risks: FIO

The Federal Insurance Office (FIO) has released a new report analyzing climate-related issues and gaps in U.S. insurance supervision and regulation, saying state regulatory efforts are fragmented and limited. FIO, part of the U.S. Department of the Treasury and formed …

As Switzerland’s Glaciers Melt, Alpine Nation Backs Climate Bill With Net Zero Target

A majority of Swiss citizens on Sunday voted in favor of a bill aimed at introducing new climate measures to sharply curb the rich Alpine nation’s greenhouse gas emissions. Final results released by public broadcaster SRF showed that 59.1% of …

Companies Face Less Pressure for Climate and Social Reforms

Shareholder support for proxy resolutions on topics including climate change and workforce diversity dropped significantly this spring, analysts said, as tough proposals from activists met with growing political pressure on fund firms’ voting. Halfway through the shareholder annual meetings of …