Browsing: extreme weather

Australia’s insurance industry is experiencing increasing claims and affordability issues due to rising extreme weather events, with recent disasters costing $2.2 billion in six months and projected annual losses reaching $8.7 billion by 2050.

Insurance leaders in New Zealand are calling for a strategic shift from reacting to extreme weather events to preparing for them, as climate-related disasters intensify

New research from KPMG in Canada reveals that most Canadian business leaders are increasingly concerned about urban climate disasters and are taking proactive measures to adapt.

The construction industry faces a growing threat from climate change as extreme weather events outpace building codes, warns Yvonne Castillo, risk management expert at Victor Insurance.

Insurance professionals in New Zealand are being advised to take a more active role in preparing clients for extreme weather events following a series of storms and flooding incidents.

In a recent episode of Resources Radio, Margaret Walls spoke with Dr. Carolyn Kousky about the instability of the homeowners insurance market, particularly in areas vulnerable to extreme weather events, and the work of her new nonprofit, Insurance for Good.

The insurance industry faces a ‘vicious cycle’ due to increasing extreme weather events, potentially leading to unsustainable practices and economic challenges.

Insurance rates are climbing, and coverage is shrinking. Homeowners and experts are pointing to extreme weather events, driven by climate change, as a key factor.

The insurance industry is grappling with increased extreme weather events, leading to challenges for homeowners and potential economic slowdowns. The industry’s continued support of polluting energy companies exacerbates the problem.

Rising home insurance costs in Florida, fueled by climate change, signal a looming problem for homeowners across the United States.