Money For the Rest of Us16 Aug 2023

Natural Disasters: Are They Truly Increasing?

From raging wildfires to devastating floods, how are these natural events reshaping our financial landscape? What if anything, should we be doing with our investments as a result?

Topics covered include:

The devastating Maui wildfire: What are the factors that led to one of the deadliest wildfires in US history.
Global wildfire trends: Are they really increasing? The data might surprise you.
The role of insurance companies: Learn how the giants of the reinsurance world, like Swiss Re and Munich Re, are navigating the increasing number of natural disasters.
The complex interplay of climate change, urban expansion, and human choices
Why IPCC is not highly confident regarding some weather impacts of climate change due to the natural variability in weather patterns.
What should individuals do when there is a lack of details regarding a long-term potential threat?

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Show Notes

Why the fires in Hawaii have been so bad—The Economist

CAMS: monitoring extreme wildfire emissions in 2022—Copernicus

A human-driven decline in global burned area by N. Andela et al.—Science

Seasonal Trend for Europe—Copernicus

Insurers rack up $50bn in losses from natural catastrophes this year by Ian Smith—The Financial Times

World insurance market developments in 5 charts—Swiss Re Institute

When Disaster Strikes: Preparing for Climate Change by Seán Nolan and Krishna Srinivasan—IMF

California insurance market rattled by withdrawal of major companies by Michael R. Blood—AP

Rising Temperatures Are Wreaking Havoc Year-Round by Zahra Hirji, Rachael Dottle, and Denise Lu—Bloomberg

Climate Change Information for Regional Impact and for Risk Assessment by Roshanka Ranasinghe, et al.—IPCC

The Science Before Science

CO2 emissions (metric tons per capita)—The World Bank

Related Episodes

340: Climate Change, ESG, and What Should Investors Do?

413: What if the World Stopped Shopping?

442: Crisis-Proof Investing: Strategies for a Shaky Future

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