Sign In or Create an Account.

By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy

Climate

AM Briefing: Why Insurers Are 'Quiet Quitting'

On insurance woes, green shipping, and an Arctic Hail Mary

AM Briefing: Why Insurers Are 'Quiet Quitting'
Heatmap Illustration/Getty Images

Current conditions: Parts of Arizona received more than a foot of snow over the weekend • Heavy rainfall caused flash floods in Argentina • A coastal flood watch is in effect for Washington, D.C., where Congress is back in session.

THE TOP FIVE

1. Insurance companies are ‘quiet quitting’ in extreme weather regions

Insurance companies are “quiet quitting” in certain high-risk areas of the United States, as extreme weather disasters become more frequent and more costly, reports The Wall Street Journal. Insurance agents and analysts tell the paper that, rather than face public backlash from officially abandoning states like Florida or California, carriers are resorting to more subtle – but equally effective – tactics to “choke off” new business. These include closing local offices or making it difficult for homeowners to even get a quote unless they fight through layers of red tape. “Most of the carriers have just flat out said, we are not accepting new business right now [in California]. But that statement is made to insurance agencies, not the public,” says Timothy Gaspar, head of a Los Angeles-based insurance agency. “Or they’re making it next to impossible to get a new policy.”

2. Winter storm leaves nearly 2,000 homes flooded in England

The devastating firsthand effects of the climate crisis are playing out in real time in England, where flooding from storm Henk left several villages under water and nearly 2,000 homes damaged. While the storm has passed, more than 160 flood warnings remained in effect through the weekend and Prime Minister Rishi Sunak faces mounting pressure to do more to protect vulnerable areas. The government announced on Saturday that households and businesses affected by flooding can now apply for grants to fund repairs and improve resilience. Farmers, too, may be eligible for funding.

Extreme flooding in England from storm Henk. Christopher Furlong/Getty Images

The country’s Environment Agency (EA) didn’t mince words, blaming the deluge squarely on climate change. Climate scientists have warned for years that rising global temperatures will translate into wetter winters for the U.K. “We will unfortunately experience more winters like this one in the future,” says Dr. Linda Speight, a hydrometeorologist at the University of Oxford. Henk was the U.K.’s third major storm this winter.

3. COP29 host Azerbaijan to boost fossil fuel production

Azerbaijan, the host country for COP29, plans to increase its production of fossil fuels – and specifically natural gas – by a third over the next 10 years, The Guardian reports. The country, which owns the Shah Deniz gas field in the Caspian Sea, gets two-thirds of its revenue from oil and gas and plans to double its gas exports to Europe by 2027. It will be the third consecutive petrostate to host the annual United Nations climate summit. “It is also even more repressive and authoritarian than the United Arab Emirates,” reports Heatmap’s Jeva Lange. Last week the country appointed Mukhtar Babayev, a veteran of the oil industry, as the summit’s president.

4. Shipowners reluctant to upgrade to greener vessels

The global shipping fleet is getting old. A report from the Financial Times finds shipowners are resisting growing pressure to order newer, greener vessels and decarbonize the sector, opting instead to hold on to older ships. The average age of the global container shipping fleet is now 14.3 years, and the average age of tankers is 12.9 years. Why are owners keeping their aging vessels? One reason is they’re not confident in the availability of new energy sources like green fuel. Another is the soaring resale value of second-hand ships, which are being bought up by a “shadow fleet” transporting Russian oil. The United Nations International Maritime Organization (IMO) recently set a 2050 net zero target for global shipping, but no legally binding measures have been set to facilitate the goal. International shipping produced about 2% of the world’s energy-related carbon emissions in 2022.

5. Researchers want to use seawater to ‘refreeze’ Arctic ice

This week a team of British researchers will embark on a mission to learn if pumping seawater on top of sea ice can “refreeze” the Arctic, reports the Times of London. As global temperatures rise, sea ice is rapidly shrinking, decimating habitats for wildlife and exacerbating a global warming feedback loop: Less ice means more water to absorb the sun’s energy. The scientists plan to cut a hole in the ice and pump seawater on top of it, which they hope will freeze, “speeding up the natural freezing process underneath the ice,” the Times explains.

Pumping sea water on top of Arctic sea iceReal Ice

There are some big unknowns, one being whether using salty seawater could actually make the melting worse. Another is whether powering the project could even be feasible. This particular trial is being powered by a hydrogen fuel cell, but reversing ice loss trends would require about 10 million pumps. As one researcher put it: “That’s a lot of pumps.” This is one of several engineering methods being floated as potential solutions to the rapidly worsening sea ice problem, the Times reports. Another wild idea is to sprinkle glass powder on the ice to reflect the sun’s rays.

THE KICKER

Deforestation in the Brazilian Amazon fell by 50% last year, but the Cerrado savanna, a national biodiversity hotspot, lost more than 2 million acres of native vegetation.

Yellow

You’re out of free articles.

Subscribe today to experience Heatmap’s expert analysis 
of climate change, clean energy, and sustainability.
To continue reading
Create a free account or sign in to unlock more free articles.
or
Please enter an email address
By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy
AM Briefing

Exxon Counterattacks

On China’s rare earths, Bill Gates’ nuclear dream, and Texas renewables

An Exxon sign.
Heatmap Illustration/Getty Images

Current conditions: Hurricane Melissa exploded in intensity over the warm Caribbean waters and has now strengthened into a major storm, potentially slamming into Cuba, the Dominican Republic, Haiti, and Jamaica as a Category 5 in the coming days • The Northeast is bracing for a potential nor’easter, which will be followed by a plunge in temperatures of as much as 15 degrees Fahrenheit lower than average • The northern Australian town of Julia Creek saw temperatures soar as high as 106 degrees.

THE TOP FIVE

1. Exxon sued California

Exxon Mobil filed a lawsuit against California late Friday on the grounds that two landmark new climate laws violate the oil giant’s free speech rights, The New York Times reported. The two laws would require thousands of large companies doing business in the state to calculate and report the greenhouse gas pollution created by the use of their products, so-called Scope 3 emissions. “The statutes compel Exxon Mobil to trumpet California’s preferred message even though Exxon Mobil believes the speech is misleading and misguided,” Exxon complained through its lawyers. California Governor Gavin Newsom’s office said the statutes “have already been upheld in court and we continue to have confidence in them.” He condemned the lawsuit, calling it “truly shocking that one of the biggest polluters on the planet would be opposed to transparency.”

Keep reading...Show less
Red
The Aftermath

How to Live in a Fire-Scarred World

The question isn’t whether the flames will come — it’s when, and what it will take to recover.

Wildfire aftermath.
Heatmap Illustration/Getty Images

In the two decades following the turn of the millennium, wildfires came within three miles of an estimated 21.8 million Americans’ homes. That number — which has no doubt grown substantially in the five years since — represents about 6% of the nation’s population, including the survivors of some of the deadliest and most destructive fires in the country’s history. But it also includes millions of stories that never made headlines.

For every Paradise, California, and Lahaina, Hawaii, there were also dozens of uneventful evacuations, in which regular people attempted to navigate the confusing jargon of government notices and warnings. Others lost their homes in fires that were too insignificant to meet the thresholds for federal aid. And there are countless others who have decided, after too many close calls, to move somewhere else.

By any metric, costly, catastrophic, and increasingly urban wildfires are on the rise. Nearly a third of the U.S. population, however, lives in a county with a high or very high risk of wildfire, including over 60% of the counties in the West. But the shape of the recovery from those disasters in the weeks and months that follow is often that of a maze, featuring heart-rending decisions and forced hands. Understanding wildfire recovery is critical, though, for when the next disaster follows — which is why we’ve set out to explore the topic in depth.

Keep reading...Show less
The Aftermath

The Surprisingly Tricky Problem of Ordering People to Leave

Wildfire evacuation notices are notoriously confusing, and the stakes are life or death. But how to make them better is far from obvious.

Wildfire evacuation.
Heatmap Illustration/Getty Images

How many different ways are there to say “go”? In the emergency management world, it can seem at times like there are dozens.

Does a “level 2” alert during a wildfire, for example, mean it’s time to get out? How about a “level II” alert? Most people understand that an “evacuation order” means “you better leave now,” but how is an “evacuation warning” any different? And does a text warning that “these zones should EVACUATE NOW: SIS-5111, SIS-5108, SIS-5117…” even apply to you?

Keep reading...Show less