Insured losses from Thai floods could be in the double-digit billions of dollars and the disaster will lead to a re-assessment of weather risks to industries in Asia, a senior official from global insurer Allianz said. Calculating the true cost …
The Climate Corporation (formerly WeatherBill) have launched Total Weather Insurance (TWI) Corn 2012 and TWI Soybean 2012 which provide profit protection for growers against increasingly extreme weather. Total Weather Insurance (TWI) is The Climate Corporation’s full-season weather insurance program, providing …
Bermuda-based AXIS Capital Holdings Limited has estimated that the total net financial impact of the June 2011 aftershock in New Zealand and the series of severe weather events that occurred in the U.S. in April and May 2011 are expected …
The La Nina weather anomaly, blamed for one of the worst droughts in the southern United States, could revive this autumn, the U.S. Climate Prediction Center forecast on Thursday. In its monthly report, the CPC said wind circulation consistent with …
Weather Service International [WSI] forecasters predicted an active 2011 Atlantic hurricane season Tuesday, with 15 named storms, eight of which are expected to become hurricanes. Of these, four are expected to develop into major hurricanes of Category 3 or higher …
Worsening weather and better forecasting methods could push the mining sector to change force majeure provisions in supply contracts and sharpen how blame is allotted when storms or floods disrupt regular business. Climate scientists predict global warming will trigger greater …
The La Nina weather pattern, which recently brought record floods and cyclones to Australia, is weakening, but there is a small risk that it could reform within the southern autumn season, Australia’s weather bureau said on Wednesday. “All available climate …
A surge in weather-related disasters in Australia could push global mining firms to overhaul supply contracts and rethink how bad weather will affect their operations and customers worldwide. Climate scientists say a warmer world will cause greater extremes of weather …
The UK’s RSA announced that the “impact of the adverse weather in November and December 2010 to be around £142 million [$229 million] more than normal levels and for the full year to be around £255 million [$408 million], or …
Insurers are struggling to assess the risks from climate change, industry officials say, with the floods in Australia and Brazil highlighting the potential losses from greater extremes of weather. Scientists say a warmer world will cause more intense drought, floods, …
