Weather Source’s Post

insurance leaders and the federal government are going to have to hold provincial and local governments to account when it comes to developing in high risk areas. the future is calling for change.

Climate change presents a double threat to workers with existing problems like droughts, heatwaves and floods becoming more severe in areas already prone to them, while new and unexpected dangers are emerging. Insights by Kate Collier. Read more: https://bit.ly/3QCzop3 #OccupationalHealthandSafety #OHS #EmploymentLaw

A 2023 study published in the journal Nature Climate Change found that nationally, property prices are overvalued by between $121 billion and $237 billion when compared to their actual flood risk. A 2022 study by actuarial firm Milliman put a much higher price tag on the bubble – $520 billion, with almost 3.5 million homeowners facing a drop in home value greater than 10% if flood risks were priced correctly. https://lnkd.in/gtCaNtCP

Climate change is causing extreme weather events and weather-related disasters to become more frequent, contributing to extreme temperatures, wildfires, hurricanes, and flooding. ☀ These events not only pose a risk to communities and infrastructure, but they create hazardous working conditions for occupations in (but not limited to) construction, emergency response, agriculture, and manufacturing. ⛑ Read our latest insights paper to find out more about the effects of extreme weather and three steps your organization can take to proactively manage heat illness and better manage heat-related risks: https://bit.ly/45RVCtn #ExtremeWeather #ClimateChange #HeatIllnessPrevention

Climate change is deadly. Exactly how deadly? Depends who's counting Multiple federal and state government agencies count the number of deaths from extreme floods, wildfires, heat waves and hurricanes. They don't always agree on which deaths should be counted. News Read more on NPR https://ift.tt/uQz35eE

Flooding affects more people than any other natural peril, and it's among hazards that are intensifying with climate change. In this article, Anil Vasagiri, a Swiss Re property solutions expert, describes why having the best flood maps is so critical. https://ow.ly/PEZx30sBGtB

A recent study estimates that from 2000 to 2019, weather events such as hurricanes, floods, and heat waves cost $2.86 trillion globally, averaging $143 billion annually. The study also projects that the global cost of climate damage will be between $1.7 trillion and $3.1 trillion per year by 2050.  #ESG #ESGSustainability #ESGStrategy  #ESGIntegration #ESGinActionAfrica #SustainableDevelopment #EnvironmentalResponsibility #ESGTrends #ESGStatistics

📊 Even when they are driven by the same input climate scenario, different climate models can generate different outputs. Uncertainty in climate models results from many factors - one key uncertainty is related to climate sensitivity. Read our blog to learn about climate sensitivity and its implications when modelling future flood risk including how to sample uncertainty in flood risk for a given scenario and time horizon ➡️ https://lnkd.in/eXn9qF2g #FloodRisk #ClimateChange #Temperature #GlobalWarming #ClimateRisk #Uncertainty #Insurance #InsuranceNews #ReInsurance #RiskManagement #RiskModeling

The cost of climate change to Europe’s economy in the past two years: €100B Heat waves. Cyclones. Flooding. Drought. Fires. 2023 was the hottest recorded year. The trend is clear. We can stop it. Luckily for us, we can also create billion-dollar businesses around it. #climatetech

If you’re planning to move, climate change is something you might want to consider, no matter where you are. So, how can you be sure your investment is safe from the elements? For starters, work with a local real estate agent to understand the likelihood of your future home being exposed to hazards like wind, floods, and wildfires. Your agent will know the area and be able to tell you about the risks you’ll most likely face. A Home Built to Last If you’re planning to be in your home for many years, you want to know it’s going to last. One way to think ahead is to work with your real estate agent to ensure the home you buy can withstand... #teamronarriola