Core Insights - The global modeled insured average annual property loss (AAL) from natural catastrophes has increased to $152 billion, indicating a significant rise in expected annual insured property losses [1][3] - Non-crop property and casualty losses rose by 25 percent compared to 2024, with severe thunderstorms and other frequency perils accounting for two-thirds of total potential losses [1][4] - The report highlights a $32 billion increase in non-crop global modeled insured AAL over 2024, reflecting an upward trend in catastrophe losses globally [3] Industry Trends - Over the past five years, insured losses have averaged $132 billion per year, compared to $104 billion in the preceding five-year period, indicating a growing trend in catastrophe-related losses [3] - Frequency perils, such as severe thunderstorms, winter storms, wildfires, and inland floods, now account for two-thirds ($98 billion) of the total modeled AAL, outpacing risks from larger events by a ratio of 2 to 1 [4][5] - The report emphasizes the need for insurers to adapt their strategies to address the increasing frequency and impact of these perils [5] Regional Insights - Property exposure in Verisk-modeled countries grew by 7 percent annually from 2020 to 2024, driven by inflation and construction in high-hazard areas [11] - In Asia and Latin America, insured losses account for only 12 percent and 32 percent of economic losses, respectively, compared to 48 percent in North America, highlighting significant protection gaps [11] - The 2025 Palisades and Eaton fires in North America caused up to $65 billion in economic losses, with 60-70 percent insured, indicating high insurance penetration but escalating wildfire risk [11] Modeling Innovations - Verisk introduced new inland flood models for Malaysia, Indonesia, and Ireland, and updated models for Australia, Mexico, the UK, the U.S., and South Korea [10] - The report underscores the importance of adopting forward-looking risk models that reflect current environmental and climate realities [10]

Today on “The Intelligence”: Indonesia’s cities blaze, a climate tipping-point in the Atlantic and facekinis in China. Listen now https://t.co/UVFPTOkeZq ...

We are seeing dynamics that we did not expect. Jonathan Nash of @OregonState’s work in Greenland could help improve climate predictions. Listen to “Babbage” https://t.co/m93ZtyKLWQ ...

“If it stops completely, northern Europe gets seriously Siberian.” @Eaterofsun tells “The Intelligence” how climate change is jeopardising the positive effects of an Atlantic current. Listen now https://t.co/G9HHkq1tkQ https://t.co/WIrnyb0IKf ...

Group 1 - The article presents a theory that various factors including Trump Tariff wars, AI/data centers, climate change, OPEC, and the Big Beautiful are driving natural gas prices higher, indicating a potential reconnection with global markets [1] - The author emphasizes the importance of experience in analyzing diverse industries such as airlines, oil, retail, mining, fintech, and ecommerce, highlighting the impact of macroeconomic, monetary, and political drivers [1] - The author reflects on their extensive experience through multiple crises, including the dotcom bubble, 9/11, the great recession, and the Covid-19 pandemic, which provides a strong foundation for understanding various business models and innovations [1]

On “Babbage” this week: “10,000 years ago, almost all of it was grassland.” @IceAgeEcologist reveals how North Africa’s lush savannahs suddenly turned into the Sahara desert https://t.co/hSPcoiSv7K ...

Climate Change Concerns - Earth's tipping points are alarming scientists, suggesting sudden, irreversible climate changes may be dangerously close [1] Media Recommendation - "Babbage" podcast recommended for information on climate tipping points [1]

Climate Change Impact - UK farmers are experiencing extremely hot summers, potentially the hottest on record, mirroring a global trend of rising temperatures and prolonged heat waves [1] - Older subway systems, particularly those built a century ago, struggle to adapt to increasing heat due to outdated infrastructure [2][4][5] Infrastructure Challenges - Adding air conditioning to old, deep, and narrow subway tunnels, like those in London and Paris, is proving difficult [5] - Subway systems themselves contribute to tunnel heat, notably from braking trains [6] Adaptation Strategies - Cities are adopting different approaches to manage heat, with some, like Tokyo and Beijing, using air-conditioned subway carriages and platforms [3] - Beijing features colder subway carriages for business professionals in formal attire [4]

I was auditioning for Giuliard. We're in Texas and I doing my audition over the phone in the hotel lobby on the piano. I get into Giuliard and I'm leaving my family behind.>> A native of New Orleans, he was just 18 years old when Hurricane Katrina hit. His family fleeing the city for Texas. >> Watching it on the news, you seeing everybody, people standing on cars, on top of houses, people losing everything.wonder if that's going to happen to us. Some of us it did happen to some of my family members lost eve ...

Environmental Concerns - Solving air pollution issues in the country may lead to increased temperatures [1]