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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.

Best Practices

How insurance must adapt to catastrophic weather trends

Beyond the heart-wrenching impact of major storms and fires, changes in climate are affecting insurance considerations and costs for policyholders.

By Rich Poirier | December 17, 2020 at 05:30 AM
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As severe weather increases, thoughtfully and confidently navigating its frequency, severity and damage is critical in assuring the right insurance protection for every policyholder. Here, debris is seen near a business in Lake Charles, La., in the aftermath of Hurricane Laura. (AP Photo/Gerald Herbert) As severe weather increases, thoughtfully and confidently navigating its frequency, severity and damage is critical in assuring the right insurance protection for every policyholder. Here, debris is seen near a business in Lake Charles, La., in the aftermath of Hurricane Laura. (AP Photo/Gerald Herbert)

Politics aside, this year has confirmed an important and complex fact: Our climate is changing.

On the Gulf Coast, we have seen a record number of named storms requiring forecasters to revisit the Greek alphabet for more names. An average season produces 12 named storms, including six hurricanes. This year we have observed 30 named storms, with 13 hurricanes, six classified as major. In contrast, the 2019 season saw 18 named storms.

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