Extreme Weather Risk Is Reshaping the Global Economy to the Tune of Nearly US$1 Trillion in Projected Losses
CDP analysis of 11,261 companies finds $3 billion in actual 2025 extreme-weather losses, with $898 billion in anticipated future financial impacts — led by flooding at $528 billion.
Banks need to get serious about climate risk in their mortgage books
Opinion piece from former FHFA acting chief of staff warns that rising insurance premiums and insurer withdrawals from high-risk states are undermining mortgage affordability and creating systemic concentration risk across lending portfolios.
The Homeowners Insurance Crisis Is Now a Mortgage Crisis. A Federal Fix Is Being Proposed
Mortgage professionals report that climate-driven insurance costs are now routinely collapsing purchase deals and inflating PITI payments by hundreds of dollars monthly, prompting calls for the federal 'US Re' reinsurer proposal.
PERILS Pegs Cyclone Alfred Losses Close to $2 Billion
PERILS AG releases final catastrophe loss estimate for Cyclone Alfred at near A$2B insured — Australia's largest cyclone loss since Cyclone Debbie in 2017 — flagging rainfall-driven flooding rather than wind as the primary cost driver.
A Proposal for a US Federal Property Reinsurer — Public Natural Catastrophe Reinsurance: What Other Countries Do
Brookings companion paper reviews how France, Japan, Spain, and others use public reinsurance to keep climate-risk insurance affordable, presenting models for proposed U.S. federal intervention in a market where premiums have risen 28% since 2017.
Key 2024 sustainability trends driving the year ahead
Over the past several years, many companies globally have taken a voluntary approach to sustainability goals, decisions and strategies.
