extreme weather News
El Nino Conditions Expected for January to March 2024
There is a more than 95 percent chance that the El Niño weather pattern will continue through the Northern Hemisphere winter from January to March 2024, a U.S. government forecaster said on ...
Extreme Weather Hits Summer Tourism Businesses Hard
For small businesses that rely on summer tourism to keep afloat, extreme weather is replacing the pandemic as the determining factor in how well a summer will go. The pandemic had its ups and downs ...
Chubb Quarterly Profits Come Out Stronger Than Expected
Chubb beat estimates for quarterly profit on Tuesday as higher returns from its investments cushioned a hit from catastrophe-related claims. Investment income, which had slumped for most insurance ...
Human-Induced Climate Change Plays ‘Overwhelming’ Role in July Heatwaves: Scientists
Human-induced climate change has played an "absolutely overwhelming" role in the extreme heatwaves that have swept across North America, Europe and China this month, according to an assessment by ...
Chicago Flooding Highlights Vulnerability of Major Cities During Extreme Weather
Heavy rains that flooded Chicago neighborhoods, rendered freeways impassable and wreaked havoc on NASCAR street races downtown Sunday are serving as stark reminders of urban centers' vulnerability ...
What is a Heat Dome? Beyond Texas, Where are Scorching Temps Headed?
Scorching temperatures brought on by a "heat dome" have taxed the Texas power grid and threaten to bring record highs to the state before they are expected to expand to other parts of the U.S. during ...
AM Best: Only Two Impaired Insurers in ’22, Down From 10 in ’21
Despite the reversal seen in the U.S. equity market and rising inflation and interest rates, P/C insurers performed well in 2022, according to the latest report on the long-term impairment rates of ...
Poll Finds Extreme Weather an Almost Universal Experience in the U.S.
An overwhelming majority of people in the United States say they have recently experienced an extreme weather event, a new poll shows, and most of them attribute that to climate change. The findings ...
Climate Is Forcing the Most Risk-Aware Industry to Reinvent Itself
When it comes to climate impacts, the front line of the finance industry is insurance. Last year's payout from damages caused by extreme weather events totaled $120 ...