Posts by Hometown Insurance

As back-to-back heat waves batter the US and Europe, scientific models linking climate change to extreme weather are increasingly important for policymakers and commercial enterprises like insurers. But a growing political backlash aims to undermine their credibility. Climate scientists can …

The developer behind the Midtown Manhattan tower that was evacuated over structural concerns Tuesday says it has a plan to fix the issue, including reconstructing 15 floors that were added to the original building as part of its conversion into …

Western Europe just experienced its warmest June on record, EU scientists confirmed on Thursday, after an extreme heatwave at the end of the month smashed temperature records, disrupted power supplies and shut schools. Last month was also the second-warmest June …

A large and powerful typhoon approached a remote chain of islands in Japan’s southwest on Friday, prompting authorities to warn of violent winds, torrential rain, landslides and flooding in what could be the region’s most destructive storm in years. Typhoon …

The head of the top US auto safety regulator said the agency “absolutely” will consider ending requirements that driverless cars include steering wheels, a potential boon for Tesla Inc. and other robotaxi companies rethinking traditional vehicle design. “If you’re developing …

The floodwaters that ravaged southern China this week look set to expand to other provinces with the imminent arrival of Super Typhoon Bavi, with scientists warning extreme weather would only grow more frequent this year. The expected weather systems will …

The EU’s financial stability watchdog is examining the risks private credit poses to the region’s banks and economy, one of its advisers said, and may recommend regulators be given greater direct oversight of the $3.1 trillion shadow lending industry. Richard …

The weather-roiling El Niño that emerged across the Pacific last month has continued to build and will likely be one of the strongest in more than 75 years, the US Climate Prediction Center said. Sea surface temperatures of 1C (1.8F) …

As data center construction accelerates across the U.S. and globally, the conversation has rightly focused on environmental impact and land use. But there is a less viable risk accumulating in the supply chain that we believe risk managers would do …

Gov. JB Pritzker signed artificial intelligence legislation modeled after similar bills in California and New York on Monday, furthering a push for a state-driven national framework in lieu of federal regulations. “Congress and the president ought to be passing similar …