Casualty Actuarial Society 12th Annual Survey of Emerging RisksKey Findings Top Current Risk 1.Climate change 12th-emerging-risk-survey
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Climate change jumps to biggest risk for insurers.
Ocean Front Property
Sidd said: It has been fifteen years i think i said “The ocean is very large and wants in your basement” Nyhoo, here’s an article https://news.sky.com/story/dont-buy-coastal-properties-un-scientists-issue-stark-warning-on-climate-11819030 No part of the planet will be spared a climate crisis as oceans warm and glaciers and ice sheets melt, according to a report by United Nations scientists. The […]
Flood Insurance Risk
From https://urbanland.uli.org/sustainability/investors-and-bond-rating-analysts-are-working-to-quantify-risks-from-climate-change/ Bonds, insurance, climate risk: “a cataclysmic issue” “Going forward, cities that lack the resources to invest in climate remediation may see their credit ratings decline as result” “Those longer-term risks “are not priced into the market today,” He cited the difficulty of evaluating the flood risk for a regional mall that sits atop […]
Volumetric or Cubical Expansion Coefficients of Water?
I asked: I’ve been trying to consider the Volumetric or Cubical Expansion Coefficients of Liquids and how it relates to water and climate change It’s hard to wrap my head around… especially when you add melting sea ice to the equation What do you think? Will warmer water increase sea level rise even greater… the […]
Coastal Flooding
open access paper on flood risk: 100yr floods will occur every year in New England and Midatlantic United States 1-30 yr repeat time for coast further south https://www.nature.com/articles/s41467-019-11755-z
Real Estate Value and Rising Sea Level
“A very simple way of thinking about it is that it will be tens of thousands of dollars per resident in places that may not have a large tax base” “Globally, the question of equity is even more acute, with cities in developed nations far better able to fund climate change adaptation projects than in […]
Do You Need Flood Insurance?
by Daniel Brouse and Sidd Mukherjee There’s a thing about climate change and a rising sea level that took me a while to grasp… a lot of the water isn’t actually in the sea. As more water accumulates in the sea and the temperature rises, more energy is also being stored in the sea. Now, […]
Pollution Kills
by Daniel Brouse and Sidd Mukherjee Pollution will kill you. Usually, it is a slow, painful death. For the last 20 years, the American Lung Association has analyzed data from official air quality monitors to compile the “State of the Air” report. The most recent report found the United States recorded more days with hazardous […]
Will Tree Species Survive Climate Change?
A Pennsylvania Department of Conservation and Natural Resources article reported: The theory of evolution suggests that species will adapt to changing environmental conditions. The belief is that these changes occur over long periods of geologic time. But, instead of warming over a period of 1,000 years, the climate is changing faster due to human activity […]
Flood Buyouts, Savings and Climate Change
The AP article Flood buyout costs rise as storms intensify, seas surge reports: “‘… nearly half of the homeowners in Mosby signed up in 2016 for a program in which the government would buy and then demolish their properties rather than paying to rebuild them over and over. They’re still waiting for offers, joining thousands […]