hurricanes

Why mitigation matters amid US$100 billion plus cat losses

Why mitigation matters amid US$100 billion plus cat losses

Last year’s catastrophe losses pose a stark reminder of the need to build resilience and educate people about risk mitigation and insurance, according to Aon executives. Global insured losses from natural disasters and climate events topped US$100 billion (CAN$134 billion) for third year in a row, according to a new report by global broking giant Aon. The 2023 weather, climate and catastrophe insight report revealed that natural disasters caused US$313 billion in economic losses globally in 2022, 4% above the 21st-century average.

Our oceans are hotter than ever. Scientists say they worry about what that means for our future

Our oceans are hotter than ever. Scientists say they worry about what that means for our future

Amid another record warm year for the planet, one of the most dramatic and alarming changes occurred in our oceans, according to the National Oceanic and Atmospheric Administration (NOAA). They are the warmest they've been in recorded history. In fact, the ocean heat has been topping its own record annually for the past seven years, with last year's record set despite the absence of El Niño — a warming in part of the Pacific Ocean that tends to drive up global temperatures.