Triple-I report confirms tornadoes, hail, and severe thunderstorms caused $51B in U.S. insured losses in 2025—the third consecutive year above $50B—with total economic damages topping $68B and a record 300 tornadoes in March 2025 alone.

Gallagher Re and Aon report Q1 2026 global insured losses of approximately $20B—below the 10-year average—driven by late-starting U.S. convective storm activity, though analysts warn the industry is heading into more costly summer and hurricane months.

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.

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.

UK food price inflation rose to 3.7% in April 2026 (up from 3.3% in March), with the cost of a basic weekly food basket up 29-36% since April 2022; energy shocks and climate-driven supply disruptions are flagged as key ongoing drivers.

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.es.

One of the worst droughts in living memory in South Africa's Western Cape is killing livestock and forcing farmers to spend heavily on feed, prompting a national emergency declaration as climate-worsened droughts intensify financial losses.

World Bank analysis identifies extreme weather events and La Niña conditions as primary upside risks to agricultural commodity prices in 2026, with climate shocks capable of pushing maize, wheat, and soybean prices above baseline forecasts.

A landmark GAO report finds that while national average home insurance premiums rose 3% (inflation-adjusted) from 2019–2024, coastal and disaster-prone areas saw increases of 25–100%, with natural disaster risk directly driving the affordability crisis.

Newsletter edition covering how U.S. climate policy withdrawals are creating economic uncertainty for businesses dependent on climate finance and policy-linked supply chains, including biodiversity risk emerging as a material financial concern.

NPR examines whether a quieter 2025 disaster season will translate into premium relief, finding that insurers remain reluctant to cut rates given mounting long-term climate losses that have exceeded $100B annually four of the past five years.

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.

On the one-year anniversary of Cyclone Alfred's landfall, Insurance Council of Australia reports A$1.5B in insured losses and A$2.7B in total economic costs, part of A$28B in cumulative weather event losses since 2022.

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.

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.

USDA's March forecast raised its 2026 food-price inflation outlook to 3.6%, with drought affecting 61% of the continental U.S. threatening crop yields and escalating feed costs — with beef prices forecast to rise 10–18% in 2026.

CattleFax analysis finds 75% of the U.S. beef cow herd is currently in drought conditions — vs. a 20% long-term average — with ranchers unable to rebuild herds, keeping beef prices in a historically elevated range through at least 2027.

CBS News reports beef prices are 12.1% above year-ago levels with USDA forecasting a further 6–18% increase for 2026, directly attributing supply contraction to drought-driven herd culling that pushed U.S. cattle inventory to its lowest since the 1960s.

Chatham House analysis argues that climate change — through wildfire grid damage, extreme weather infrastructure costs, and deregulation of clean-energy standards — was already adding $400–900/year per household to energy bills before the Middle East conflict.

Clean Air Task Force finds wildfire-related costs now constitute 17% of California utility revenue requirements — up from 1.7% in 2019 — and are spreading to Florida, Maine, and Oregon as climate events push electricity rates above inflation.