Latest in Wealth divide will steepen as climate change spikes insurance costs, report finds
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The New Evidence Climate Change Will Upend American Homeownership
A new analysis predicts an extraordinary reversal in housing fortunes for Americans.The New York Times - 1h -
Wealth divide will steepen as climate change spikes insurance costs, report finds
Climbing temperatures are sharpening economic divides in American communities, a new report has found. Rising insurance rates are increasingly making broad swaths of the country's biggest cities ...The Hill - 9h -
Europe ‘can’t cope’ with extreme weather costs, warns insurance watchdog
EU regulator Hielkema says governments and banks will struggle to pay for natural disastersFinancial Times - 9h -
It costs the most to rent an apartment in these US cities: report
The price of renting an apartment is on the rise, particularly in some major U.S. cities. This is according to the latest rent report from Zumper, which has found that across the nation, the price ...The Hill - 3d -
World’s largest sovereign wealth fund reports record $222 billion annual profit on tech rally
Norway’s sovereign wealth fund reported its full-year earnings on Wednesday.CNBC - 5d -
Climate change worsened likelihood of California wildfires: Report
The recent wildfires in California were worsened by climate change, a new report found. The study, released Tuesday by the World Weather Attribution, found that human-caused climate change ...The Hill - 5d -
Conditions that fueled L.A. fires were 35% more likely because of climate change, scientists find
The hot, dry and windy conditions that preceded the Southern California fires were about 35% more likely because of climate change, according to a new report.NBC News - 5d -
Wider LA areas will be ‘more flammable’ due to climate change, study finds
Climate change caused primarily by fossil fuel burning had increased the likelihood of the California fires, scientists sayFinancial Times - 5d -
Climate catastrophes call for state intervention on insurance
More public-private partnerships are the only viable model for a decent societyFinancial Times - Jan. 27 -
As wildfire damage climbs to $40 billion, homeowners face higher insurance costs
S&P Global expects home insurance rates to be ‘heavily impacted’ by LA wildfiresMarketWatch - Jan. 24 -
Business leaders can no longer ignore the 'north-south' climate divide, top UN official warns
The head of U.N. Global Compact spoke about the growing "chasm" between the global north and south over climate finance and adaptation.CNBC - Jan. 24 -
Adapting to climate change amid rising natural disasters
As powerful weather events become more frequent, CBS News' Jonathan Vigliotti examines how we can adapt. He reflects on the recent Los Angeles wildfires, the planet's hottest year on record, and ...CBS News - Jan. 22 -
Here's how climate change is reshaping home insurance costs in California — and the rest of the U.S.
Even for homeowners outside of California, worsening extreme weather means higher insurance rates.CNBC - Jan. 22 -
US homeowners in disaster-prone states face soaring insurance costs
Climate crisis is making it harder for insurance companies to operate, with many pausing or withdrawing policies. Homeowners in the United States are facing an enormous financial crunch due to the ...The Guardian - Jan. 22 -
Wealth of world’s billionaires grew by $2tn in 2024, report finds
Rate of wealth growth last year was three times faster than 2023, Oxfam inequality research reveals. The wealth of the world’s billionaires grew by $2tn (£1.64tn) in 2024, three times faster than ...The Guardian - Jan. 20 -
Home insurance costs soaring as climate-related events surge, Treasury Department says
During the period, costs for policies across all categories rose 8.7% faster than the rate of inflation.CNBC - Jan. 17 -
Climate change, not mismanagement, is the primary driver of the California wildfires
Wildfires in Los Angeles are being driven by climate change, not political mismanagement, and California's leaders have taken meaningful steps to address the issue, but the sheer scale of the ...The Hill - Jan. 16 -
Zeldin: 'I believe that climate change is real'
Lee Zeldin told Sen. Bernie Sanders, I-Vt., that he believes in climate change and that it is an urgent issue that must be addressed during his Senate confirmation hearing to lead the Environmental ...NBC News - Jan. 16 -
Police probe drink spiking report in Parliament bar
A parliamentary researcher reported her drink had been tampered with at 6.30pm on Tuesday 7 January.BBC News - Jan. 15 -
Supreme Court allows Hawaii climate change lawsuits against energy companies
The court fight brought in Hawaii state court is similar to others filed against the nation's largest energy companies by state and local governments in their courts.CBS News - Jan. 13 -
Spike in UK borrowing costs raises specter of public spending cuts
Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.CNBC - Jan. 13 -
California congressman: 'Climate change has wreaked havoc on us'
Rep. Dave Min (D-Calif.) pointed to climate change as a significant contributor to the rapid spread of wildfires in California in an interview on NewsNation's "The Hill Sunday." Min, a new member ...The Hill - Jan. 12 -
Barcelona mayor turns tourist numbers into weapon against climate change
In the Spanish city of Barcelona, thousands of protestors took to the streets last year angry at the impact of millions of tourists on the lives of people who live there. But as the city also ...CBS News - Jan. 11 -
Barcelona uses its tourist tax to tackle the effects of climate change
Barcelona is one of the most visited cities in Europe. A small fee charged to visitors is helping the city address climate change.CBS News - Jan. 11 -
Climate change is putting the focus on Greenland, Canada and the Panama Canal
President-elect Trump has talked about taking control of Greenland, Canada and the Panama Canal to capitalize on climate change and secure freshwater and shipping lanes.The Hill - Jan. 11 -
The California Wildfires Are the Latest Disaster Supercharged by Climate Change
Extreme weather events — deadly heat waves, floods, fires and hurricanes — are the consequences of a warming planet, scientists say.The New York Times - Jan. 11 -
Climate change parches Western US, providing fuel for fires
Climate change is making the Western United States drier, which can fuel wildfires like those affecting Los Angeles. With higher temperatures come parched landscapes full of vegetation that can ...The Hill - Jan. 11 -
The utterly plausible case that climate change makes London much colder
For some climate scientists, global warming threatens Britain with a more unexpected scenarioFinancial Times - Jan. 11 -
How much does it cost to insure 1-ounce gold bars in 2025?
Planning to add 1-ounce gold bars to your portfolio? here's what you could pay to insure them this year.CBS News - Jan. 10 -
10-year Treasury yield spikes to highest level since late 2023 after hotter-than-expected jobs report
U.S. Treasury yields jumped after December's jobs report was stronger than expected.CNBC - Jan. 10 -
L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill.
Allstate, Chubb and Travelers are likely to be the publicly traded insurance carriers most affected, as they are the most exposed to the California homeowners’ market.MarketWatch - Jan. 10 -
BlackRock quits climate change group in latest green climbdown
World’s largest money manager had staked out position as sustainable investment leaderFinancial Times - Jan. 9 -
Catastrophes cost world $320bn in 2024, reinsurer reports
Losses rise by 30% as climate change takes its tollFinancial Times - Jan. 9 -
What did Jimmy Carter do to fight climate change?
The wildfires in California are the latest in a string of natural disasters made worse by climate change. Former President Jimmy Carter was one of the first U.S. officials to draw attention to ...CBS News - Jan. 8 -
What is Biden's legacy on climate change?
Officials on Wednesday afternoon briefed President Biden about the massive wildfires in Southern California fueled by climate change. Slashing Mr. Biden's climate regulations is at the top of ...CBS News - Jan. 8 -
The solicitor general climate change briefs that didn’t bark
This failure exposes the weakness of the Biden administration’s position supporting the climate change plaintiffs.The Hill - Jan. 7 -
What is HMPV? CDC 'monitoring' reports of spiking cases in China
The CDC’s actions come in response to China's government-run media confirming that positivity rates of HMPV hare rising in children under the age of 14, despite respiratory illnesses being down ...The Hill - Jan. 6 -
Climate change is hampering US apple quality and output: Study
Many of the nation's biggest apple-generating regions are confronting challenges in crop growth and development, due to the impacts of a changing climate, a new study has found. While apple ...The Hill - Jan. 6 -
Climate crisis ‘wreaking havoc’ on Earth’s water cycle, report finds
Global heating is supercharging storms, floods and droughts, affecting entire ecosystems and billions of people. The climate crisis is “wreaking havoc” on the planet’s water cycle, with ferocious ...The Guardian - Jan. 6 -
Polish wealth managers warn against tax changes for family foundations
Structure was set up in 2023 to encourage money to stay in the countryFinancial Times - Jan. 5