Rebecca Hersher
👤 SpeakerAppearances Over Time
Podcast Appearances
What is clear is that polar vortex conditions can be deadly, especially in parts of the country that aren't accustomed to very cold weather.
The average price of property insurance in the Great Plains is significantly higher than the national average, according to a report from the Treasury Department.
Consumers in the Southern Plains states paid 45% more than average between 2018 and 2022.
That's in part because of hailstorms.
George is a climate scientist at WTW, a risk analysis company.
Hailstorms caused an estimated $160 billion of damage to homes nationwide last year.
According to the Insurance Information Institute, storms that produce large hail are getting more likely due to climate change.
Large parts of Jamaica and Cuba are still in ruins a week after Hurricane Melissa swept through.
Dozens of people were killed across the Caribbean.
A new analysis by the climate risk modeling firm Karen Clark & Company finds the storm caused an estimated $2.4 billion of insured damage.
That includes damage to homes, businesses, and industrial sites in Jamaica and Cuba.
The full price tag for rebuilding will be even higher.
That estimate doesn't include damage to homes that don't have insurance or the cost of repairing public roads and other infrastructure.
On Wall Street, in pre-market trading, Dow futures are lower.
Category 5 hurricanes have extremely powerful winds, strong enough to knock down homes that are made of wood and rip off most roofs.
And Hurricane Melissa is also moving extremely slowly, which means it will linger over land, dumping huge amounts of rain.