- Extreme Heat Is the Biggest Threat to Insurers and Businesses
Extreme heat can disrupt transport and energy systems, cause electrical outages and wildfires, and exacerbate the risk of illness and death That threatens to have expensive ramifications for
- Extreme heat: the insurance fallouts | Swiss Re
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) experienced at least 31 days of extreme heat Since 1991
- 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 Insurers Want Businesses to Wake Up to Costs of Extreme
- How extreme heat affects insurance—and how the industry can . . .
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
- Extreme Heat Is Hitting Companies Where It Hurts | TIME
Walmart, for example, says the company is vulnerable to rising costs of cooling its massive facilities; Disney says excessive heat may affect demand for its tourism products Read more: Why
- Heat Waves Scorch Margins, Employees, Infrastructure . . .
Heat waves are burning through parts of the U S , Europe, and Asia, spurring significant business risks and slowed economic output Regions of the eastern and southern U S are suffering under heat domes, with temperatures in Phoenix, Arizona, reaching nearly 120 degrees Fahrenheit this week
- Why Extreme Heat Policy Matters for Businesses
Extreme heat can damage critical infrastructure, leading to disruption of service and increased costs to governments and taxpayers Examples of this damage include degradation of concrete, warping train tracks and pressure on transportation systems, damage to power transformers, and even increased difficulty operating commercial aircraft
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