Economic losses caused by natural catastrophes in the first half of 2016 totaled US$70 billion, a significant increase from the $59 billion reported for the first half of last year, according to a loss review issued by Munich Re. While …
Total non-life catastrophe bond market issuance for the first half of 2016 rose to $2.8 billion, according to the latest ILS market update from Willis Capital Markets & Advisory (WCMA), the investment banking business of Willis Towers Watson. After starting …
Major floods across the globe during June – topped by events in China and the U.S. – are expected to bring economic costs in excess of US$5.0 billion, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. Seasonal “Mei-Yu” …
This summer and fall, the Atlantic Ocean might become a testing ground for competing scientific theories. After decades of warmth, there’s evidence that the ocean is cooling, a change that could mean fewer of the hurricanes that wreak havoc on …
The number of climate records broken in the last few years is stunning. But here’s a new measure of misery: Not only did we just experience the hottest April in 137 years of record keeping, but it was the 12th …
El Niño is getting some of the credit as Australia nears a record for the fewest tropical cyclones since 1970. “With the end of the season approaching and only three cyclones so far, the 2015-16 Australian region tropical cyclone season …
A University of Wisconsin professor believes she’s come up with a way to remove some of the uncertainty in modeling, and she thinks her findings will help scientists and modelers more accurately take into account the impacts of climate change. …
If you have never heard the term “El Nino,” you might have been living under a rock. The common informed person is probably somewhat aware that we are amidst a record-setting El Nino, and rumors of a possible switch to …
The El Niño that disrupted weather worldwide last year has peaked. Now forecasters are predicting what may be next for the world’s climate. A number of El Niño-Southern Oscillation indicators suggest that the 2015-16 El Niño has peaked and weather …
El Niño is the Earth’s hot, exhaling breath. At least, that’s one way of thinking about it. The blast of heat from deep within the Pacific Ocean will do more in 2015 than just disrupt weather worldwide. It will push …
