Real Estate Market Risk - Severe weather threatens over $12 trillion in US home value [1] - Over 25% of US properties are impacted by severe weather [1]

We are now just one day away from that highly anticipated meeting in Alaska between President Trump and Russian President Vladimir Putin. It's a summit the White House says is aimed at bringing about an end to the more than three-year-old war with Ukraine. On Wednesday, the president joined a video call with European leaders and Ukraine's President Zalinsky, who is not attending tomorrow's summit.They lobbyed Mr. . Trump for ceasefire and security guarantees ahead of that meeting with President Putin. Speak ...

Weather Events & Impact - Fox River flooding in Wakaua, Wisconsin, with flood warnings extended into Wednesday [1] - Lightning strike in South Carolina caused power outages and traffic delays [2] - Severe storms and floods in Wisconsin, with cars submerged and homes flooded [2][3] - Milwaukee experienced a summer's worth of rain in one weekend, leading to dozens of rescues [3] - Flood waters caused intense damage, including ripping away part of a road [3] - Violent winds in Nebraska ripped the roof off a prison, resulting in one fatality [4] - Torrential flash floods hit Florida's west coast [4] - 29 million Americans under heat alerts, with Caribou, Maine breaking a record [4] Geographic Scope - Severe weather events impacting multiple states including Wisconsin, South Carolina, Nebraska, and Florida [2][3][4]

Environmental Impact & Natural Disasters - Severe weather impacted various regions across the US, including New Jersey and New York, which experienced a magnitude 30% earthquake [4] - Wildfires in Canada caused smoke to blanket the eastern half of the US, leading to hazy skies and impacting air quality [2] - Minnesota experienced its longest air quality alert in history, lasting a week [3] - Chicago faced the worst air quality globally, with experts deeming it officially dangerous [3] Regional Weather Events - Heavy downpours in the south, particularly in Alabama, Georgia, and Florida, led to deadly flooding, with one fatality reported in Alabama [1] - The Gford fire in central California expanded to approximately 40,000 acres with only 5% containment, resulting in injuries and impacting ranchers [1] Air Quality & Public Health - Air quality alerts are expected to expire in at least 10 states in the upper Midwest and Northeast, offering some relief from wildfire smoke [5]

Severe Weather Events - Flash flood emergency in Davenport, Iowa, with SUVs stranded due to heavy rain [1] - Flash flood warnings in effect in Oklahoma City, with dangerous road conditions from Ohio to western Kentucky [2] - 12 million people under severe weather alerts [2] - Parts of the Grand Canyon shut down due to the Dragon Bravo fire, forcing evacuations [2] - White Sage fire exploded to more than 19 thousand acres and is 0% contained [2] - Air quality alerts issued in Minnesota, Wisconsin, and Michigan due to Canadian wildfires [4] - Multiple people struck by lightning at St Augustine Pier in Florida, with two hospitalized [5] Impact on Businesses and Infrastructure - Jacob Lake Inn, a family-owned business for over 100 years, faces threat from a fire three miles away, leading to evacuations [3]

Weather Events and Impacts - Deadly flash flooding occurred in New Mexico, resulting in fatalities including a 7-year-old boy [1] - Emergency crews performed at least 85 swiftwater rescues due to rapidly rising floodwaters [2] - The Rio Rio do rose nearly 19 feet in minutes, exacerbated by burn scar from previous wildfires [2] - Severe storms are expected to impact the eastern United States, including Pennsylvania and the Carolinas, with potential for flash flooding and damaging winds [7] - 24 million people were impacted by severe weather in parts of Pennsylvania [6] Meteorological Forecast and Climate Change - More flash flooding is anticipated in New Mexico due to slow-moving storms and high moisture levels, potentially continuing for months [3] - Daytime heating is expected to spark storms in Texas, leading to heavy rainfall and flash flooding [4] - Isolated rainfall amounts of 1 to 2 inches are possible in a short time, with saturated ground conditions [5] - Climate change is contributing to atmospheric conditions that exacerbate flash flooding events [3]

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Core Insights - A recent survey by Gallagher indicates that U.S. business owners are increasingly concerned about external threats to their businesses, particularly supply chain disruptions, severe weather, and cyber-attacks [1][3][7] Business Concerns - 69% of U.S. business owners are worried about supply chain disruptions, while 69% also express concern over severe weather, and 72% are apprehensive about cyber-attacks [1][3] - The concern over cyber-attacks has risen from 69% in 2024 to 72% in 2025 [3] Insurance Claims and Coverage - Nearly 87% of U.S. business owners with insurance coverage made a claim in 2024, with 73% of those claims being $25,000 or more [2] - Coverage for claims varied, with 29% related to property, 28% to employment practices liability, 27% to cyber, and 27% to flood insurance [2] Cybersecurity and AI - 36% of U.S. business owners are looking to acquire or expand their insurance coverage for cyber-attacks [3] - 93% of business owners are somewhat worried about AI's impact on their businesses, an increase from 85% the previous year [4] - 95% agree that AI misuse requires stronger regulation, and 90% seek better protection [4] Supply Chain Investments - To mitigate supply chain disruptions, 40% of U.S. business owners are investing in AI and machine learning technologies, while 37% are focusing on supply chain automation and cloud computing [5] - 75% have contingency suppliers in place to manage potential disruptions [5] Weather-Related Concerns - 57% of U.S. business owners are considering relocating or investing in more resilient facilities to combat severe weather [7] - Flooding is viewed as a significant threat by 35% of business owners, yet only 30% currently have flood insurance [8] - Among those with flood insurance, 71% have made at least one claim, and 27% have made multiple claims [8] Precautionary Measures - After filing weather-related claims, business owners have taken steps to protect against various weather conditions, including floods (40%), fires (39%), and hurricanes (32%) [9] Expert Commentary - J. Patrick Gallagher, Jr., emphasizes the necessity of advanced mitigation strategies to manage the complexities of global risks, advocating for proactive planning and investment in resilience [6][10]