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