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.

Research

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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(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.

A few blocks over, Kimberly Ruth’s mobile home simply vanished into the storm.

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