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Expensive And Dangerous Storms | Earth Wise

August 7, 2020 By EarthWise Leave a Comment

Severe storms are getting more and more common. Early in July, the United States experienced its 10th billion-dollar weather disaster of the year – the earliest this has happened. It also marks 2020 as the sixth consecutive year with at least 10 such extreme weather events, which is also a record. With the country struggling with the effects of a global pandemic, extreme weather is pretty much the last thing we need.

This year’s 10 storms have primarily consisted of tornadoes, damaging winds, and hail. Seven out of the 10 storms were in the South or Southeast. An Easter Sunday outbreak in that region saw 190 tornadoes and 36 people were killed that day.

Since 1980, the US has averaged nearly 7 billion-dollar weather disasters per year. But the last five years have seen nearly 14 severe storms on average. The way things are going this year, there will probably be more than that number.

This year’s growing total does not include the looming hurricane season, which is widely predicted to be more active than usual. Because so many places in the South are still recovering from earlier disasters, they are particularly vulnerable to the effects of an active hurricane season.

Meanwhile, much of the country is suffering from drought conditions, making wildfires a major concern. Recent years have seen deadly and destructive wildfires in many places, notably in California two years ago. Between hurricanes and wildfires, the prospects are alarming for what could turn out to be a disastrous year for expensive and dangerous severe weather.

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US hits 10th billion-dollar weather disaster of the year — at a record pace

Photo, posted March 3, 2020, courtesy of Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Climate Change And Insurance

May 17, 2019 By EarthWise Leave a Comment

While there are still some people who remain dubious about the reality of climate change, insurance companies are not among them. And, in fact, insurers are warning that climate change could make coverage for ordinary people unaffordable.

Munich Reinsurance, the world’s largest reinsurance firm, blamed global warming for $24 billion in losses from California’s recent wildfires. Such costs could soon be widely felt as premium rises are already under discussion with insurance companies having clients in vulnerable parts of the state.

With the risk from wildfires, flooding, storms and hail increasing, the only sustainable option for the insurance industry is to adjust risk prices accordingly. Ultimately, this may become a social issue. Affordability of insurance is critical because if rates go up too much, many people on low and average incomes in some regions may no longer be able to buy insurance.

The great majority of California’s 20 worst forest fires since the 1930’s has occurred since the year 2000 driven by abnormally high summer temperatures and persistent drought. The reinsurance giant analyzed decades of data with climate models and concluded that the fires are likely driven by climate change.

It isn’t just wildfires. Insurance premiums are also being adjusted in regions facing an increased threat from severe convective storms whose energy and severity are driven by global warming. These include parts of Germany, Austria, France, southwest Italy, and the U.S. Midwest.

Linking extreme weather events to climate change is a bit like attributing the performance of a steroid-using athlete to drug use. The connections are clearer in patterns than in individual disasters. But the pattern these days is pretty clear.

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Climate Change Could Make Insurance Unaffordable for Most People

Photo, posted June 12, 2013, courtesy of Jeff Head via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

FEMA And Climate Change

April 13, 2018 By EarthWise 1 Comment

In 2017, the United States spent a record $306 billion on weather and climate-related disasters, making it the costliest and most damaging year on record. The wildfires out west, Hurricanes Irma, Maria, and Harvey, the Minnesota hailstorm, and the midwest drought are just some of the costly examples. Officials say that already-bloated figure will increase further in the coming years as temperatures rise.