Spain’s Record-Breaking Floods Push Insured Losses Above €4 Billion ($4.2 Billion) November 18, 2024 Total insured losses from recent floods in Spain are expected to exceed €4 billion (US$4.2 billion), according to credit rating...
What Is the Latest Science on Climate Change? November 14, 2024 By Gloria Dickie This year’s U.N. climate summit – COP29 – is being held during yet another record-breaking year of higher global temperatures,...
Global CO2 Emissions to Hit Record High in 2024, Report Says November 13, 2024 By Kate Abnett Global carbon dioxide emissions, including those from burning fossil fuels, are set to hit a record high this year, pulling...
Global Warming Is Already on the Cusp of 1.5C, New Research Finds November 12, 2024 By Eric Roston A newly proposed method for calculating the global temperature suggests that countries may have already failed their main climate goal:...
Spain’s Devastating Floods Will Cost Insurers Over $3.8 Billion November 8, 2024 By Macarena Munoz The floods that devastated the Spanish region of Valencia at the end of last month are expected to trigger total...
Spain’s Hurricane Katrina Moment Saw Officials Ignoring Warnings November 8, 2024 By Rodrigo Orihuela, Clara Hernanz Lizarraga and Thomas Gualtieri As a deadly storm bore down on Valencia on Oct. 29, the regional president was attending a ceremony to recognize...
2024 Will Be World’s Hottest Year on Record, EU Scientists Say November 7, 2024 By Kate Abnett and Alison Withers This year is “virtually certain” to eclipse 2023 as the world’s warmest since records began, the European Union’s Copernicus Climate...
Spain Risks €10.6 Billion Flood Damage Bill, PM Sanchez Says November 6, 2024 By Rodrigo Orihuela, Macarena Munoz and Jorge Zuloaga Spanish Prime Minister Pedro Sanchez announced the first financial package for victims of the storms that killed more than 200...
Valencia Asks for €31 Billion Rescue Package After Deadly Floods in Spain November 5, 2024 By Macarena Munoz The region of Valencia is asking Spain’s central government for rescue funds to help with rebuilding after floods last week...
Spain’s Floods to Cost Insurers More Than €1 Billion: Morningstar DBRS November 4, 2024 Southern Spain’s devastating floods are expected to cost insurers well above €1 billion ($1.1 billion), given the significant damage to...