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Instant Insights / The impact of climate change on P&C insurance

Scientists have built consensus around the probability that more powerful floods, fires, droughts and storms will occur with higher frequency as the Earth gets hotter.

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Latest climate threat for coastal cities: more rich people

Hurricanes and floods disproportionately damage lower-cost homes, which tend to be older and more vulnerable to water and wind.

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coastal city residents Terry and Sharon Baron stand in front of their mobile home damaged from Hurricane Irma . (Photo: Alicia Vera/Bloomberg)

(Bloomberg) – When Hurricane Irma reached Florida’s Big Pine Key in September, it caused the floor of Terry and Sharon Baron’s cream-colored mobile home to collapse. On Marathon Key, twenty miles north, the winds lifted Diane Gaffield’s mobile home off its concrete pad and smashed it against her neighbor’s house.

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