How much heat, flooding, drought and storms increase as a result of human-induced climate change can be calculated, according to a study by Gottfried Kirchengast and his team at the University of Graz. It can compute all relevant hazard metrics in any region worldwide. The researchers found that anthropogenic climate change has caused a tenfold increase in extreme heat in recent decades.
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Severe convective storms the costliest insured peril of this century
Severe convective storms (SCS) have surpassed tropical cyclones to become the costliest insured peril of the 21st century, according to Aon's annual Climate and Catastrophe Insight report. The report shows how increasingly common, high-volume events are reshaping global loss patterns and highlights the critical importance of both physical and financial resilience to help organisations manage volatility and unlock insurability.