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CEO Daily insight: Climate stability and the insurance market Good morning. The wildfires in Los Angeles have killed people, destroyed thousands of homes, and are now likely to exceed $50 billion ...
Climate risk insurance is a type of insurance designed to mitigate the financial and other risk associated with climate change, especially phenomena like extreme weather. [ 1 ] [ 2 ] [ 3 ] The insurance is often treated as a type of insurance needed for improving the climate resilience of poor and developing communities.
Climate change may have a range of impacts in Ireland.Increasing temperatures may change weather patterns, with the potential for increased heatwaves, rainfall and storm events, with subsequent impacts on people through flooding [1] Climate change has been assessed to be the single biggest threat to Ireland, according to the head of the Defence Forces of Ireland, Mark Mellett.
Climate change also disrupts the conditions communities need for good mental health and wellbeing. This includes impacts to air quality, food security, safe housing, transport, education and health care services. Climate change also interacts with other drivers of poor mental health, such as conflict and forced migration. [66]
Climate-fueled disasters have shattered the business model that used to support the property insurance industry, leaving the most vulnerable parts of the country on the brink of becoming uninsurable.
A recent article in The Hill highlighted the insurance industry’s losses due to inadequate housing policies exacerbated by climate change. But it missed a critical piece of the puzzle: Even as ...
Faced with losing coverage at a time when insurers are either not writing new California policies or have been raising rates dramatically to account for the increased risks posed by climate change ...
Valuing climate change impacts in poorer countries less than domestic climate change impacts (both in terms of policy and the impacts of climate change) would be consistent with observed spending in rich countries on foreign aid [162] [163]: 229 A third approach looks at the problem from the perspective of who has contributed most to the problem.