Weather Risk

Scientists are finding evidence that man-made climate change has raised the risks of individual weather events, such as floods or heatwaves, marking a big step towards pinpointing local costs and ways to adapt to freak conditions.

Reinsurers say companies worldwide have suffered intensifying weather-related losses in the past three years, but less than a third of them are actively responding to the riskincreasing the likelihood those companies will be unprepared to deal with the economic impact of more frequent and severe weather events.

The risk of flooding for many English homes and businesses could increase fourfold by 2035 if more action to deal with the impact of climate change is not taken, government advisers said on Wednesday.

In the aftermath of last years record-breaking U.S. thunderstorm losses, risk modelers are scratching their heads to figure out if the countrys storm exposure profile is increasing due to historically inadequate modeling methods or other factors.

Tropical cyclones, monsoons and severe weather related to the El Nino and La Nina events are on the rise in the Asian-Pacific region, in part due to global warming, according to the Guy Carpenter Asia-Pacific Climate Impact Centre (GCACIC), a joint initiative of Guy Carpenter & Company, LLC and City...

Climate change will make wildfires in the U.S. West, like those now raging in parts of Colorado and New Mexico, more frequent over the next 30 years, researchers reported on Tuesday.