Category: Insurance Issues with Climate Change

How wildfire risk management is like flood risk management – a report

Lessons for Wildfire from Federal Flood Risk Management Programs, November 2014 Slides – Solutions to Home Development in the Wildland Urban Interface (WUI) Original URL and other resources Three Summary Findings Our paper details 14 specific lessons, grouped here into three…

Hurricanes and long-term climate variability – Lloyds Risk Report

Hurricanes and long-term climate variability – Lloyds Risk Report The severity and frequency of hurricanes are influenced by changes in the climate of the Atlantic over the long term, and in particular, the changes over many decades of sea surface…

Catastrophe Modelling and Climate Change – Lloyds Risk Report

Catastrophe Modelling and Climate Change – Lloyds Risk Report While the evidence for climate change is ‘conclusive’, risk models may not account for the phenomenon,says new Lloyd’s research. The Catastrophe Modelling and Climate Change report finds that while climate change…

Study of the Economic Effects of Charging Actuarially Based Premium Rates for Pre-FIRM Structures

This report presents the results of a study on the economic effects of charging actuarially based premiums for pre-FIRM (Flood Insurance Rate Map) structures. The study was performed in response to Section 578 of the National Flood Insurance Reform Act…

Climate Change: Adapt or Bust

The past few years highlight bluntly the cost of weather-related catastrophes for the global economy and the insurance industry in particular. The industry’s response has proven that it is financially strong and well-equipped to respond to these financial shocks.

It is equally clear that, so far, the industry has not taken changing catastrophe trends seriously enough. Climate change is likely to bring us all an even more uncertain future. If we do not take action now to understand the risks and their impact, the changing climate could kill us.

Climate Change and the National Flood Insurance Program – 1991

FEMA, Projected Impact of Relative Sea Level Rise on the National Flood Insurance Program, October 1991.

This study of the impact of relative sea level rise on the National Flood Insurance Program was authorized by Congress and signed into law on November 3, 1989. The requirements of this study as specified by the legislation are as follows:[…]