Insurers Have New Opportunity in Secondary Perils, Swiss Re Says June 24, 2025 By Ishika Mookerjee Being able to predict the environmental risks that follow a major natural disaster represents an untapped business opportunity for the...
China Warns of More Floods as Extreme Storms Hit World’s No. 2 Economy June 20, 2025 By Joe Cash and Liz Lee Central and southern China were on high alert for more flash floods on Friday as the annual East Asia monsoon...
Planetary Waves Linked to Wild Summer Weather Have Tripled Since 1950: Study June 19, 2025 By Seth Borenstein Climate change has tripled the frequency of atmospheric wave events linked to extreme summer weather in the last 75 years...
US Spending on Climate Damage Nears $1 Trillion Per Year June 17, 2025 By Eric Roston The US has spent nearly $1 trillion dollars on disaster recovery and other climate-related needs over the 12 months ending...
ECB Amends Bank Capital Reviews to Reflect Extreme Weather Risks June 17, 2025 By Frances Schwartzkopff The European Central Bank is embedding climate risk into regular reviews of how well banks can absorb losses, marking a...
New Ratings Firm to Track Climate Hit on Infrastructure Assets June 17, 2025 By Simon Jessop A climate ratings firm created at French business university EDHEC has become the first to estimate projected financial losses for...
Premium Insurance Demand Rises With Global Travel Disruptions June 16, 2025 By Joanna Plucinska, Doyinsola Oladipo and Henry Gale With flight cancellations, delays and other disruptions on the rise, leisure travelers are being increasingly discerning over the level and...
Fitch Warns of Rising Mortgage-Bond Risk Due to Extreme Weather June 10, 2025 By Frances Schwartzkopff For analysts at Fitch Ratings, the recent demolition of a Swiss village by a glacier is fresh proof that climate...
Extreme Weather Is Stress-Testing India’s Infrastructure Drive June 9, 2025 By Apoorva Ajith Indian monsoons this year — the earliest onset since 2009 — damaged new public infrastructure across the country, putting pressure...
Highways Baking at 158F Signal a Red-Hot Summer From China to the US June 2, 2025 By Brian K. Sullivan, Joe Wertz and Mary Hui In northern China, road surfaces have soared to 158F (70C). In California’s Central Valley, temperatures are reaching into the triple...