extreme weather News

Nobody Seems to Know Why Hail Storm Losses Suddenly Began Rising in 2008

In 2008, the year the stock market crashed and Barack Obama won the presidency, the U.S. was hit with a weather phenomenon little noted by anyone beyond the insurance industry. The country’s losses from hail breached $19 billion in inflation-adjusted …

Insurers Pitch Quick-Paying Parametric Disaster Insurance to Public Sector

Some of the world’s largest insurers are eagerly pitching cities, states and even school districts on policies designed to pay out quickly with few questions in the event of extreme weather. The catch: Even a hurricane might not be extreme …

How One Company, AT&T, Is Using Models to Prepare for Natural Disaster Costs

By 2050, residents of southern Florida could become familiar with storms borne on 90-mph winds. Water levels during floods will rise by an average of 5 percent across the Southeast. And it will not be out of the ordinary for …

Southern California City Asking Residents for Suggestions on Battling Climate Change

The city of Long Beach, Calif. is soliciting help from its citizens to come up with a plan to deal with climate change. The coastal city of roughly half-a-million, which was an early adopter of the ban on plastic bags …

Global Insured Losses From Disasters at $79 Billion in 2018: Swiss Re Sigma Estimate

According to preliminary sigma estimates from Swiss Re, total economic losses from natural and man-made catastrophes in 2018 declined to USD $155 billion from USD $350 billion in 2017. Global insured losses are estimated to be around USD $79 billion, …

Sweden’s Wildfires Highlight Cost of Rapidly Changing Climate in Europe

Hannele Arvonen, the owner of one of Sweden’s largest lumber yards, is spending the winter months planning for a new and unexpected threat to her business: regular wildfires raging just south of the Arctic Circle. Her business, Setra Group AB, …

Extreme Weather Risk Grows as Warming Earth Disrupts High-Altitude Winds: Study

Scorching summer heatwaves and downpours are set to become more extreme in the northern hemisphere as global warming makes weather patterns linger longer in the same place, scientists said on Monday. They said there was a risk of “extreme extremes” …

Fires, Floods & Heatwaves on 3 Continents: Blame the Jet Stream, a Warming World

Sweltering? Swimming? Choking on wildfire smoke? Blame it on the jet stream and a warming world. Kinked, buckled, stuck or stalled, it doesn’t matter how you describe it, the jet stream — the ribbon of wind that circles the Earth …

Extreme Weather in Europe and Asia Sparks Wildfires, Floods

Extreme weather that’s gripping northern Europe and parts of Asia may persist through early August, prolonging a deadly heatwave that’s parched crops and sparked devastating forest fires. Temperatures have risen to a record from Japan to Norway because of a …

Climate Change Worsens Effects of Natural Disasters, Costing Farmers Billions of Dollars

Natural disasters from droughts to floods are costing farmers in poorer countries billions of dollars a year in lost crops and livestock, and it’s getting worse thanks to climate change. Agricultural losses from weather events in developing nations totaled $96 …