Blog: Extreme Weather
Florida's Home Insurance Crisis: Threatening Homes and Dreams
Average annual property insurance premiums in Florida surged to over $4,200 in 2022, three times the national average. For many homeowners these premiums are becoming unmanageable, forcing them to consider relocating.
Climate Change Impact: Soaring Home Insurance Costs Nationwide
The average cost of homeowners' insurance has surged to $1,900 a year nationwide, driven by climate risk, prompting insurers to reassess pricing models and leading to a 12 percent increase in premiums in 2022, with further rises anticipated.
Climate Change Drives Price Hikes in Tampons and Diapers
Climate change's impacts on inflation and essential goods are evident as the collapse of upland cotton crops in Texas drives price spikes for products like tampons, cloth diapers, and gauze pads in the US, making climate change a "secret driver of inflation" with potential global repercussions.
Climate Change and Rising Expenses in Hurricane-Prone Florida
Climate change intensifies hurricanes and flooding in Florida, leading to soaring property insurance rates, high reinsurance costs for local insurers, increased reliance on state-backed coverage, the need for separate flood protection policies, and rising car insurance costs due to weather-related accidents.
La Nina: The $1 Trillion Weather Menace
Amidst a surge in extreme weather events driven by La Nina and amplified by climate change, the world faces a $1 trillion weather disaster problem, straining the global economy and exacerbating inflationary pressures.
Climate Change, Inflation, and the Ecological Transition: Understanding the Intricate Links for a Sustainable Future
Climate change drives up supply chain prices in Europe, impacting essential goods like food and energy.
Climate Change and Inflation: The Economic Impacts Unveiled
Experts, CEOs, and economists recognize the link between climate change and inflation as extreme weather events disrupt supplies, leading to surging prices in consumer items worldwide.
Climate-Driven Floods Spark 44.5% Inflation in Pakistan, Pushing Prices to Record Highs
Climate-driven floods in Pakistan lead to a staggering 44.58% increase in consumer item prices, exacerbating inflation, and causing widespread supply disruptions. The floods claim lives, submerge areas, and leave millions affected, underscoring the connection between extreme weather and climate change impacts.
Humid Heatwaves in South Asia: Economic Impact and Human Toll
April 2023's Humid Heatwaves in South Asia: Alarming Economic Consequences and Urgent Adaptation Demands.
Climate Change Impact: The Hidden Driver of Rising Prices
Climate Change: A Growing Economic Shock - Inflation, Supply Chain Disruptions & Increased Costs Worldwide
Rising Temperatures Drive Accelerating Inflation Worldwide, Warns European Central Bank Study
ECB research reveals global warming's impact on inflation, projecting a 1% annual surge and 3% food price increase by 2035.
Navigating the Impact: Climate Change and Home Insurance Affordability
Climate change drives structural damage, raising home insurance premiums for 90% of homeowners, particularly in disaster-prone areas.
Climate Change Challenges Traditional Home Insurance
Skyrocketing home insurance costs due to climate change pose challenges for homeowners, as premiums soar and coverage options dwindle, leaving many uncertain about protecting their homes in the face of future disasters.
Climate Change's Costly Toll on Indoor Producers
Climate change's impact on extreme weather events is driving up costs for indoor producers.
Australia's Eastern Regions Brace for Life-Threatening Floods
Eastern Australia faces "life-threatening" floods from consecutive La Niña events, raising concerns about economic growth and inflation.
The Climate Change-Inflation Nexus: Implications for the Economy
Unveiling the Hidden Driver of Inflation: The Surprising Link Between Climate Change and Economic Stability
Climate Change vs. Inflation: Navigating the Challenges for the Global Economy
Climate change poses dual challenges for the global economy—balancing the costs of achieving net-zero emissions while managing potential inflationary pressures
Devastating Heatwave in Western Mediterranean Linked to Climate Change Threatens Economy and Lives
The recent extreme heatwave in the Western Mediterranean, characterized by record-breaking temperatures highlights the dire consequences of climate change on the economy and human well-being.
Climate Change's Growing Impact on Inflation: Experts Warn of Devastating Consequences
Climate Change's Growing Impact on Inflation: Experts Warn of Devastating Consequences