Natural Disasters: Are They Truly Increasing?

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 choicesWhy 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? Sponsors Use code MONEY10 to get 10% off on your NAPA Autoparts online order. Masterworks – invest in contemporary art Masterworks Disclosure: “net IRR” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold, and past performance is not indicative of future results. See important Reg A disclosures: Masterworks.com/cd  Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter. 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, Rachael Dottle, and Denise Lu—Bloomberg Climate Change Information for Regional Impact and for Risk Assessment by Roshanka Ranasinghe, et al.—IPCC The Science Before Science CO2 emissions (metric tons per capita)—The World Bank Related Episodes 340: Climate Change, ESG, and What Should Investors Do? 413: What if the World Stopped Shopping? 442: Crisis-Proof Investing: Strategies for a Shaky Future See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.