Tag: climate resilience

Wildfires are Getting Worse – Geospatial Data Can Help

Antoine Rostand
Geospatial Data and wildfires

How Wildfires Are Transforming America’s Landscape As I write this, fires burn in the north-eastern United States. More than 500 wildfires have broken out in New Jersey alone this autumn, and in recent weeks there have been fires in Connecticut and Pennsylvania, too. A 5,000-acre fire has been burning for over a week on the New York border. And that’s just one region, in one country. I could mention Portugal or Australia, California or Greece. This isn’t normal. Wildfires are getting worse. Why? Because of climate change. Thanks to global…

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Hurricane Helene’s Unyielding Wrath on Florida’s Insurance Market

John B.
Hurricane Helene in Florida

Devastating Storm Hits the Southeast Making landfall late Thursday night, Hurricane Helene unleashed its fury on Florida and extended its reach far inland to the Southeast and Appalachia. The storm’s torrential rains and fierce winds resulted in extensive flooding and property damage, marking one of the most severe weather events of the year. As the storm battered homes, it left behind a daunting trail of destruction, with early estimates suggesting up to $6 billion in private insurance losses. This catastrophic event has once again underscored the vulnerabilities within Florida’s already…

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Who’s Responsible? California Faces New Rate Hikes from State Farm and Allstate

Nordstrom
State Farm and Allstate Buildings - Who is causing high rates in California

California homeowners and renters may soon face significant financial strain as two of the state’s largest insurers, State Farm and Allstate, announce hefty rate hikes. These increases come against a backdrop of escalating climate change impacts and urban expansion into wildfire-prone areas. Significant Increases from Major Insurers State Farm, the largest home insurer in California, has applied for substantial rate hikes across its various insurance lines. The company, which insures nearly one in five homes in the state, has requested a 30% increase for homeowners insurance, a 52% increase for…

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Latin America’s Insurance Industry Braces for Rare ENSO Climate Impact

Marc
ENSO - Impact El Nino - Latin America

Latin America is bracing for a unique climatic phenomenon that could significantly impact its insurance sector. Experts from the Swiss Re Institute have highlighted the necessity of both adaptation and mitigation to increase resilience against severe weather events prompted by the El Niño-Southern Oscillation (ENSO) cycle. This cycle, predicted to shift rapidly between its phases, presents a substantial challenge to the region’s ability to protect itself from the resulting disruptions. The Phenomenon of ENSO El Niño and La Niña Explained The El Niño-Southern Oscillation (ENSO) is a climate pattern that…

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