Catastrophe Bond Market Defies Global Selloff With Record Returns October 16, 2023 By Gautam Naik As bond markets everywhere get battered by a cocktail of higher interest rates, deficit angst and hawkish central bankers, one...
Global Economic Losses From Extreme Weather Could Hit $5 Trillion: Lloyd’s October 11, 2023 Global economic losses could reach $5 trillion under a “plausible increase” in extreme weather events linked to climate change that...
Use of Weather Derivatives Surges as Extreme Climate Events Rock the Globe October 11, 2023 By Harry Robertson Energy companies, hedge funds and commodity traders are stepping up their use of financial products that let them bet on...
Record Heat Unleashes Deadly Floods – From US to Libya October 5, 2023 By Brian K. Sullivan Extreme heat is usually associated with drought and wildfires. But across five continents this year, it’s also unleashed a different...
September Broke Global Heat Record by ‘Gobsmackingly Bananas’ Margin: Scientist October 4, 2023 By Eric Roston The global average temperature for September broke records by such an absurd margin that climate experts are struggling to describe...
Many US Cities Vulnerable to Low Water Pressure Amid Wildfire Dangers October 2, 2023 By Brittany Peterson and Michael Phillis Hours before devastating fires scorched the historic town of Lahaina on Maui, Kyle Ellison labored to save his rental house...
US Energy Regulator Recommends Revising Reliability Standards for Extreme Weather September 25, 2023 The Federal Energy Regulatory Commission on Thursday [Sept. 21] recommended revising reliability standards for power grid and natural gas infrastructure...
Climate Change Made Deadly Floods in Libya and Greece More Extreme September 21, 2023 By Laura Millan The low-pressure weather system that unleashed unprecedented amounts of rain across the eastern Mediterranean last week was made more likely...
Hong Kong’s Floods to Hit Insurers’ Earnings, Could Pressure Reinsurance Renewals September 18, 2023 The recent devastating floods following Super Typhoon Saola in Hong Kong and other parts of China may add further pressure...
Lee Heads to New England; Maine on Hurricane Watch September 15, 2023 Coastal communities from Cape Cod to Canada are expecting Hurricane Lee to arrive tonight and Saturday, bringing coastal flooding, damaging...