UN Report Warns of ‘Silent’ Threat of Drought as Planet Warms December 1, 2023 By Sana Pashankar While wildfires, severe storms and floods cause short-term impacts that often grab the world’s attention, a drought that stretches over...
New York Governor Seeks Federal Disaster Aid for Downstate for September Floods November 30, 2023 New York Governor Kathy Hochul has requested a major disaster declaration from President Joe Biden to support the ongoing recovery...
Many Australians Abandon Insurance as Premiums Surge on Climate Costs: ICA Head November 27, 2023 By Ben Westcott Increasing numbers of Australians are abandoning their insurance policies as premiums surge in response to climate-linked natural disasters, the head...
When Extreme Weather Hits, Smaller Farms Often Pay the Price November 21, 2023 By Melina Walling Justin Ralph estimates he`s made about 200 trips delivering grain from the fields he farms with his brother and uncle...
New York Fed to Present Research on Impact of Extreme Weather Events October 26, 2023 The Federal Reserve Bank of New York announced it will release a nine-part blog series on the economic and financial...
Catastrophe Bond Market Headed for Major Surge in Issuance October 25, 2023 By Gautam Naik The market for catastrophe bonds is one of this year’s best-performing debt classes. It’s also about to see a significant...
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...