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Typhoon Haiyan

Climate Change Losses Cost $200 Billion over Last Decade

Economic losses from extreme weather events have risen from an annual global average of about $50 billion in the 1980s to close to $200 billion over the last decade, according to the report released today by the World Bank. Building Resilience: Integrating Climate and Disaster Risk into Development, cites the … Read more »

Hurricane Sandy

Climate-Change Related Weather Pounds Insurers

The US insurance industry expects climate-change related storms and weather occurrences to worsen — but isn’t doing much to combat global warming, the New York Times reports. Peter Höppe, who heads Geo Risks Research at the reinsurance giant Munich Re, cites studies that forecast a rise in future summer droughts, … Read more »