Tag: el nino

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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Nature Conservancy adds $2 million insurance coverage for Hawaii’s coral reefs

Julie Campbell
Insurance coverage - Coral Reefs in Hawaii

The Central Pacific hurricane season is already underway, and the state is preparing for damage. The Central Pacific hurricane season has started, and this year, the Nature Conservancy has purchased $2 million in insurance coverage to protect against potential damage to the coral reefs in Hawaii. This represents the first time the Nature Conservancy has purchased this type of policy. This insurance coverage is the first of its kind in the United States, in an important move that acknowledges the impact of climate change on increasingly common and destructive hurricanes…

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Allstate’s safest cities to drive in rain or snow list may surprise you!

H. Cutner
Safest cities to drive -n Cars on roads - snow

The insurance company has released its America’s Best Drivers Report ranking the nation’s safest motorists. It’s that time of year again, when Allstate releases its list of the safest cities to drive in inclement weather such as rain and snow. That said, many of the top performers on this year’s America’s Best Drivers Report have come as a surprise. One state’s drivers showed exceptional performance, taking four of the top ten spots on the list. The insurance company found that four of the top 10 safest cities to drive when…

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The best tire gauge is one of the top lines of defense against El Niño effect on driving

G. Turner
Inflate tires best tire gauge

Recent research has found that driving conditions and behaviors change with El Niño. It’s no secret that changing weather patterns can make road conditions easier or harder to contend with but it was recently revealed in a Gauge Index survey by Hankook Tire America Corp. that people with the best tire gauge and who used it were among those best ready to contend with what El Niño would throw at them. The report looked into the various different types of American driving behaviors and the way the weather changed them.…

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California homeowners are purchasing flood insurance aggressively

Nordstrom
flood insurance policies

Worries over El Nino lead to an increase in the acquisition of flood insurance coverage Homeowners in California are beginning to show worry over the coming of El Nino. This year, El Nino is expected to be much stronger than it has ever been, which may place many homeowners in serious danger of having their properties damaged. Much of this damage is likely to come from flooding, which has lead more homeowners to purchase flood insurance coverage. According to the Federal Emergency Management Agency (FEMA), there has been an influx…

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