Via The Atlantic, a look at how climate risk is still not being priced into American homeownership: Across the United States, homeowner’s insurance is getting more expensive. In storm-battered Florida and coastal Louisiana, they’ve gone up a lot; the same is true for scorched Colorado and California. But even Ohio and Wisconsin have seen rate […]
Read more »Via Cipher News, a look at how extreme weather prompts growth of parametric insurance, offering faster, more flexible payments after disasters: Joemar Flores, a spindly 28-year-old, gestured across his family’s farmland, nestled between a steep hill and a river, and expressed gratitude for the rice paddies in the distance. They’re still there, producing food and […]
Read more »Via Wall Street Journal, a report on the impact of extreme heat on insurers: The heat waves broiling tens of millions of Americans can warp roofs, shrivel crops, buckle roads and disrupt power supplies. Much of that damage is hard to quantify—and isn’t covered by insurance. Now cities, regulators and companies are sounding the alarm about the […]
Read more »Via Fortune Magazine, a report on how housing insurance is melting down in several property markets as climate change renders old assumptions obsolete The end of climate stability signals the end of the insurance market as we know it. Will it also signal the beginning of a broader understanding of physical risks by equity and […]
Read more »Via the New York Times, a look at how – as temperatures soar around the world – practical experiments are emerging to protect people: An app that helps people find relief from the heat. A tiny insurance policy that pays working women when temperatures soar. Local laws that help outdoor workers get water and shade […]
Read more »Courtesy of Hakai Magazine, an illustrated look at when insurance companies will call it quits on New Zealand’s coastal communities: West of New Zealand’s biggest city, Auckland, the coastal community of Muriwai, population 1,410, is well known for its black-sand beach, gannet colony, and relaxed vibe. But in February 2023, Cyclone Gabrielle devastated the settlement. […]
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