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- Extreme Heat Is the Biggest Threat to Insurers and Businesses
Extreme heat is also a growing risk to financial markets and insurers’ assets, the report suggests The industry's investments have reaped it billions of dollars in profit even as it pays more
- Insurers Want Businesses to Wake Up to Costs of Extreme Heat
Today’s newsletter looks at the “invisible peril” of extreme heat and how it's becoming a growing risk to businesses worldwide
- Extreme heat: the insurance fallouts | Swiss Re
2024 was the hottest year on record 1 Likewise, July registered the three hottest days on record 2 With temperatures rising, so too is the incidence of extreme heat events (ie, temperatures hotter than the 90% percentile of those locally recorded) During June 2023-April 2024, there were 76 heat waves in 90 countries 3 More than 6 billion people (about 78% of the global population
- Extreme Heat Is Causing Billions in Damages That Insurers Won’t . . . - MSN
The U S agriculture and construction industries alone lose an estimated $100 billion of productivity a year due to extreme heat, according to a report by insurance broker Aon in March
- Insuring extreme heat: navigating risks in a warming world
Insurers should advocate for stronger building codes, urban planning policies and other measures that reduce exposure to extreme heat Regulatory alignment is crucial to maintaining an accessible and affordable insurance landscape in climate-risk-prone communities
- How extreme heat affects insurance—and how the industry . . . - Milliman
In this episode of Critical Point, Milliman leaders Rich Moyer, Garrett Bradford, and Andi Shah—who have researched the impact of extreme heat from the Middle East to Europe to North Carolina—discuss the ramifications on property, workers’ compensation, health, and other types of insurance
- Understanding Extreme Heat: An Increasing Risk for People, Businesses . . .
From a business perspective, extreme heat can have broad and sweeping effects that negatively impact operations, productivity and employee wellbeing In industries like construction and agriculture, high temperatures and humidity cause worker fatigue, reducing labor productivity
- Insurers Want Businesses to Wake Up to Costs of Extreme Heat . . .
Insurers Want Businesses to Wake Up to Costs of Extreme Heat Swiss Re has identified extreme heat as a significant insurance threat in its latest annual report on emerging risks with the Zurich-based reinsurer noting that up to half a million people globally die from extreme heat effects each year The death toll exceeds the combined
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