Climate change and the insurance industry

Climate Change Insurance agents Industry

Insurance industry shows concern over climate change Climate change is often a controversial topic, especially when it comes to whether or not humans are having an impact on climatic events. Usually, the issue is politicized, with certain factions providing some extreme viewpoint on climate change and others suggesting that it is little more than a myth. While the truth of climate change may reside somewhere in between extremes of perception, one thing is certain: The insurance industry is not keen to leave itself exposed to the risks that come with…

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Tokyo Braces for Strongest Storm since 2004 as Typhoon Wipha Approaches: AIR Worldwide

Hurricane Isaac Homeowners Insurance Industry Damages

BOSTON, Oct. 15, 2013 – According to catastrophe modeling firm AIR Worldwide, Tokyo is bracing itself for its strongest typhoon since October 2004. Wipha, the eighth typhoon of 2013 and the 26th named tropical cyclone of the year, is a huge storm system currently moving northeastward toward Japan. It will likely follow the coast and pass close to Tokyo around the morning rush hour on Wednesday, bringing with it powerful winds and heavy rain. According to the Japan Meteorological Agency (JMA), as of 14 UTC on October 15, Typhoon Wipha…

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Tropical Storm Nanmadol Poised for China Landfall after Battering Taiwan and Philippines

BOSTON, Aug. 30, 2011 – According to catastrophe modeling firm AIR Worldwide, Tropical Storm Nanmadol is moving slowly at about 3.2 km/h across the Taiwan Strait toward a landfall in China’s Fujian province sometime in the next 12 hours. Nanmadol’s current sustained winds are at about 85 km/h, having weakened to tropical storm strength after it made a landfall on southernmost Taiwan early Monday morning local time as a Category 1 typhoon. Nanmadol currently is heading toward Xiamen, Fujian’s second-largest city (population 1.5 million, 2010). As of the Japan Meteorological…

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