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Hawaii lawmakers vow to stabilize property insurance market as climate change fuels higher premiums
HONOLULU (AP) — Hawaii lawmakers began a new legislative session Wednesday with a vow to try to stabilize the state's property insurance market as hurricanes, wildfires and other climate change-influenced disasters at home and elsewhere prompt insurance carriers to raise rates. Hurricanes in Florida and North Carolina and wildfires in...
Economic growth could fall 50% over 20 years from climate shocks, say actuaries
Global economic growth could plummet by 50% between 2070 and 2090 from the catastrophic shocks of climate change unless immediate action by political leaders is taken to decarbonise and restore nature, according to a new report. The stark warning from risk management experts the Institute and Faculty of Actuaries (IFoA)...
Trump’s energy secretary nominee faces questions over climate posts and LA fires
U.S. President-elect Donald Trump's nominee for Secretary of Energy Chris Wright testifies during his Senate Energy and Natural Resources confirmation hearing on Capitol Hill. Kayla Bartkowski/Getty Images/Getty Images North America Kayla Bartkowski/Getty Images/Getty Images North America We're following the confirmation hearings for the incoming Trump administration. See our full politics...
The media needs to show how the climate crisis is fueling the LA wildfires
Last week, as the Sunset fire was bearing down on her Los Angeles home, Allison Agsten approached a group of television news crews gathering in her neighborhood. Did any of them plan to mention the role of the climate crisis in their reporting? The question was professional as well as...
Top financial watchdog warns climate change set to trigger market panics
Basel-based FSB says damage caused by floods, droughts and fires threatens broader pullback in lending