Dairy Cows Milked Humans aren’t the only ones impacted by sweltering temperatures: The extreme weather can trigger heat stress in cows, resulting in lower milk production. In 2021, a heat stress product for dairy farmers was launched to help protect them against economic losses from stressed livestock. (Credit: Toa55/Shutterstock.com)

(Bloomberg) — Climate change-driven heat waves are impacting everything from nuclear reactors in France to glaciers in Pakistan. As millions of people around the world are forced to cope with more stifling temperatures, some are turning to hacks like air-conditioned clothing. Cities are doing everything from planting trees to deploying 1,000-year-old underground canal technologies in a bid to keep cool.

Despite these efforts to adapt, heat waves are putting costly burdens on businesses and individuals. To meet this problem, some financial service providers have started to offer instruments aimed at reducing the personal and economic risks associated with heat waves. From heatstroke insurance to plans that reimburse dairy farmers when cows are too hot to produce milk, this new wave of products may help communities build financial resilience to the impact from warmer temperatures.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.