derechos

Why atmospheric rivers, derechos and bomb cyclones are on insurers’ radar

Why atmospheric rivers, derechos and bomb cyclones are on insurers’ radar

Wild and wacky weather events like atmospheric rivers, derechos and bomb cyclones may seem new because of recent media coverage, but they’ve been known and named phenomena for quite some time in the history of meteorology and atmospheric science, speakers said Tuesday at the CatIQ Connect conference. What’s new is that they appear to be getting worse and more frequent as the climate changes. That means increasingly higher insured damage payouts for Canada’s P&C insurance industry.