Blog: Extreme Weather
Economic Effects of Climate Change Pose Threat to Americans Born in 2024
Scott Medintz explores a recent analysis commissioned by Consumer Reports and supported by Breakthrough Energy. Conducted by ICF, the study forecasts significant financial burdens for individuals born in 2024 if climate change mitigation efforts are not substantially strengthened.
U.S. Announces Major Overhaul of Disaster Relief in Response to Climate Emergencies
The Biden administration's FEMA reforms, effective March 22, 2024, streamline disaster relief with a $750 payment for shelter and new "displacement assistance," enhancing response to climate events.
Navigating Climate-Driven Risk: Impact on the Housing Market
Travis Hodges in ClaimsJournal highlights $92.9B in U.S. weather-related damages, urging a reevaluation of insurance risk and the role of brokers in providing tailored coverage.
The Federal Reserve Needs to Get Serious About Climate Change
This summer, extreme weather events have taken a toll on some of North America's most renowned attractions.
Food prices could increase further due to climate change's effect on inflation around the world: Study
Study Warns of Soaring Food Prices Linked to Climate-Driven Inflation Worldwide
Extreme Weather and Crop Insurance: Taxpayers Foot the Bill
A recent report sheds light on the increasing financial burden extreme weather places on the federal government and taxpayers. Crop insurance payouts, exceeding $118 billion between 2001 and 2022, reveal the staggering costs incurred due to droughts, heatwaves, and floods.
New Report: Climate Change Amplifies Crop Insurance Costs, Iowa Among Hardest Hit
A recent report by the Environmental Working Group reveals the staggering costs of extreme weather on crop insurance payouts, surpassing $118 billion nationally between 2001 and 2022. Iowa, alongside the Midwest, faced severe drought, emphasizing climate change's growing impact on agriculture.
Extreme Weather Challenges Major Theme Parks
This summer, extreme weather events have taken a toll on some of North America's most renowned attractions.
Funding Influx for Local Climate Tech Companies
Westborough-based Ascend Elements recently secured $542 million in venture investment. This substantial infusion of capital aims to accelerate the development of a colossal lithium-ion battery recycling factory in Kentucky.
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.
Unlocking Savings and Climate Action: How the Inflation Reduction Act Helps Americans Go Green
The Inflation Reduction Act, a major climate and tax law, empowers American consumers to save thousands of dollars while combating climate change through incentives for electrifying transportation and implementing energy-efficient home improvements.
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.
Cities Hire Chief Heat Officers to Tackle Climate Change Impacts
Chief Heat Officers tackle climate's unequal impact: Rising temperatures, heat-related deaths, and 'heat islands' in lower-income neighborhoods hit hardest.
U.S. Climate Pledge: A Blueprint for Emission Reductions and Global Leadership
The Inflation Reduction Act (IRA) allocates $369 billion to combat climate change, driving renewable energy and resilience efforts…
EPA Initiates Public Engagement for Climate Change Programs Under Inflation Reduction Act
EPA invites public input on climate initiatives for equity and impact.
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.
The Intersection of Climate Change and Inflation: Implications for Policy and Economic Stability
Winter storms, mass flooding, and wildfires disrupt supply chains, raising prices across industries.
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.