Post #3986361

2026-05-26 12:23 UTC

"The report’s central argument is that extreme weather is a systemic risk requiring coordinated action across actors, not simply a firm-level hazard to be managed through site-level adaptation. The cost of mitigating risks is much lower than the cost of the risks themselves, the disclosure platform noted: the median cost of risks per company stands at $39.4m, while the cost of mitigating them is $3.1m – nearly 13 times lower." https://www.asiainsurancereview.com/News/View-NewsLetter-Article/id/95598/Type/eDaily/Global-Extreme-weather-risk-set-to-cause-massive-losses #CostOfClimateChange

Replies (1)

@CelloMomOnCars@mastodon.social 2026-06-02 11:37

"They found 335 million hectares burned globally in 2025 - 16 per cent below the long-term average. However, a series of “catastrophic” wildfires across Canada, the United States, Europe and South Korea resulted in over 300,000 evacuations & over 90 fatalities. Financially, 2025 became the costliest year on record for insured wildfire losses globally, with the fires accounting for 38 per cent of all insured natural hazard losses." https://www.eurekalert.org/news-releases/1129921 #ClimateAusterity @CostOfClimateChange

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