With the Caribbean. These catastrophic events cost insurers

the rise of life-threatening weather events taking place across the world and
insurance claims amassing into the billions, there is an ever-increasing push
to try and alleviate the effects of climate change.

the recent devastating effects of Hurricanes Harvey and Irma which struck the
US and shortly followed by Hurricane Maria which wrought havoc across the
Caribbean. These catastrophic events cost insurers billions. But the question
that needs to be asked is, are these storms simply a probable natural occurrence
or indications of worse to come in terms of accelerated climate change?


M 2001” discusses that severe storms such as ‘HIM’ (Hurricane Harvey, Irma and
Maria) results in claims amassing billions of pounds. The probability of these
claims increasing in the future is something the insurance industry, and
society, needs to start thinking about and preparing for now. The construction
industry should be aware of the need for more wind-resistant construction in
specific areas, especially in the most exposed countries.


prime example on how climate change is affecting property insurance is the ever-increasing
forest fires that are destroying homes and taking lives across dry countries.
In October 17 & December 17, two forest fires known as ‘The Thomas fire’ and
‘Tubbs Fire’ spread across California. These devastating wild fires torched in
excess of 5,600 structures which makes it the most destructive wild fire in
California history.


U 2018 explains that several natural factors have joined this year to add to
the destruction. Following many years of drought, the rainiest winter on
record, feeding a bumper crop of trees, grasses, and shrubs throughout
California, human actions ignite the vast majority of wildfires, and climate
change is deteriorating which contributes to forest fires throughout the United
States. As a result, fires have become more treacherous, and more catastrophic
blazes are in store for the state.