A tale of 2 (of many) Insurance Companies and Climate Change AXA / FM Global

Insurance companies getting in on the Climate Change Action FM GLOBAL U.S. businesses, depending on their location, should start preparing now for the increased, extreme rainfall that a changing climate will almost certainly deliver. That’s the advice FM Global, one of the world’s largest commercial property insurers, offered in its new white paper published today. “Businesses must recognize that climate change is happening and it will generally get warmer,” cautions Dr. Kevin Trenberth, distinguished senior scientist at the National Center for Atmospheric Research, in the white paper, titled Coping with Extremes:  The Impact of Climate Change on Extreme Precipitation and Flooding in the United States and How Businesses Can Prepare Now. Trenberth is one of four leading atmospheric scientists consulted for the paper. In general, wet areas of the country will likely become wetter and dry areas drier. Of particular concern, the paper states, are changes that are severe in the extremes: “Extreme events have the greatest potential to produce natural catastrophes that affect businesses, jobs and economies on a regional or global scale. Coping with Extreme Precipitation and Flooding-FM Global Whitepaper

AXA By 2030, 60% of the world’s population will be living in cities, which will be at the core of the climate conundrum. Now that climate change has become a reality, how will our cities and SMEs adapt to its impact? How will they manage the new economic, social and environmental risks? What are the challenges and obstacles that are slowing down resilience efforts? These are the primary questions raised this summer with some 1,100 SME directors and urban leaders from major cities in 18 countries across Europe, the Americas and Asia. axa PAPERS Risk education and research No.4 CLIMATE RISKS