Sign In or Create an Account.

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

Climate

Health Insurers Fret About Climate Change

On ice-free summers, health insurance premiums, and ESG investing

Health Insurers Fret About Climate Change
Heatmap Illustration/Getty Images

Current conditions: Much of the U.S. will see calmer weather over the next few days • A tornado caused “biblical damage” in Cyprus • Mexico is experiencing its worst drought in 12 years.

THE TOP FIVE

1. Study: Polar bears head ashore for food as sea ice melts

A new study sheds light on how polar bears are changing their diets and behaviors in a warming world. Climate change is shrinking the sea ice on which the bears rely for hunting seals. As the ice melts, the bears are forced onto land, where they can either reduce their physical activity in order to save energy and calories, or forage for berries and small prey. The research, which involved strapping cameras to 20 bears in Canada’s Manitoba province, found that neither option is enough to prevent the animals from going hungry. All of them lost weight and two of them were on track to starve before the sea ice was expected to return. “Polar bears are not grizzly bears wearing white coats,” said Charles Robbins, director of the Washington State University Bear Center and co-author of the study in the journal Nature Communications. “They’re very, very different.” The study found some bears are spending more time in the water, which is “new and unexpected,” one polar bear expert told Vox. “These are possibly acts of desperation. Hungry and skinny bears take more risks than fat bears.”

2. Health insurers fret about climate change impact

Health insurance may be the next sector to hike premiums due to climate change, The Wall Street Journal reported. The rise in extreme weather events has already roiled the home insurance market, making it more expensive – or even impossible – for homeowners in some high-risk areas to take out a policy. Now health insurers are “building new models to reassess premiums, estimate risk, and meet incoming climate reporting standards,” the Journal said. Recent research has linked extreme heat and wildfire smoke to a variety of health problems including heart attacks and cancer, and insurers want to know what this all means for their bottom lines. But the Journal reports that for now, insurers aren’t worried about their profits, “because the groups most likely to be affected by climate change aren’t covered by insurance.”

3. Redfin adds air quality tracker to home listings

In a sign of the times, Redfin has become the first real estate brokerage to include air quality data alongside home listings. The feature allows house hunters to see the air quality in their prospective new neighborhoods, and tells them whether it is expected to get better or worse in years to come. One home listed in Washington, D.C., for example, came with this warning: “Over the next 30 years, this area will experience a 20.0% increase in the number of poor air quality days, i.e. where the Air Quality Index (AQI) exceeds 100.”

Air quality information on a home listing in Washington, D.C. Redfin

Redfin already lists other risk factors like flood, fire, heat, and wind. “Redfin wants to ensure that every single person searching for a home has the information they need to understand climate risks,” said Redfin Senior Vice President of Product and Design Ariel Dos Santos. The company also published data this week showing that more people are moving into than out of metro areas that have bad air quality, not necessarily because of health concerns, but because they’ve been priced out.

4. BlackRock’s ESG funds are ‘soaring’

BlackRock Inc., the world’s largest asset manager, has seen more cash flow into its ESG funds than out every quarter for the last two years, “a period that marks one of the toughest ever in the two-decade history of environmental, social and governance investing,” Bloomberg reported. Most people might associate ESG with renewables, but it also encompasses some of the biggest tech giants: BlackRock’s three top-performing ESG funds include Microsoft and Apple as their biggest holdings.

Get Heatmap AM directly in your inbox every morning:

* indicates required
  • 5. UK Royal Navy reportedly considering climate change course for sailors

    The United Kingdom’s Royal Navy is considering making all its sailors take a course about climate change, The Telegraph reported, citing a leaked document. The course would focus specifically on how climate change threatens peace and defense efforts. The document also said rising sea levels could damage maritime infrastructure. Other initiatives under consideration include paying for sailors to study climate change, and inviting climate scientists to conduct research on Britain’s warships. One former head of the Royal Navy told the paper he supported the plans, but added: “Climate change is not more important than fighting the King’s enemies, so it has to be done with a balance.”

    THE KICKER

    At a North Carolina aquarium, a round stingray named Charlotte is pregnant despite not having contact with a male of her species in at least eight years.

    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
    Climate

    AM Briefing: EPA Muddies The Waters

    On fusion’s big fundraise, nuclear fears, and geothermal’s generations uniting

    EPA Prepares to Gut Wetland Protections
    Heatmap Illustration/Getty Images

    Current conditions: New Orleans is expecting light rain with temperatures climbing near 90 degrees Fahrenheit as the city marks the 20th anniversary of Hurricane Katrina • Torrential rains could dump anywhere from 8 to 12 inches on the Mississippi Valley and the Ozarks • Japan is sweltering in temperatures as high as 104 degrees.

    THE TOP FIVE

    1. EPA plans to gut the Clean Water Act

    The Environmental Protection Agency is preparing to propose a new Clean Water Act rule that would eliminate federal protections for many U.S. waterways, according to an internal presentation leaked to E&E News. If finalized, the rule would establish a two-part test to determine whether a wetland received federal regulations: It would need to contain surface water throughout the “wet season,” and it would need to be touching a river, stream, or other body of water that flows throughout the wet season. The new language would require fewer wetland permits, a slide from the presentation showed, according to reporter Miranda Willson. Two EPA staffers briefed on the proposal confirmed the report.

    Keep reading...Show less
    Yellow
    Spotlight

    Birds Could Be the Anti-Wind Trump Card

    How the Migratory Bird Treaty Act could become the administration’s ultimate weapon against wind farms.

    A golden eagle and wind turbines.
    Heatmap Illustration/Getty Images

    The Trump administration has quietly opened the door to strictly enforcing a migratory bird protection law in a way that could cast a legal cloud over wind farms across the country.

    As I’ve chronicled for Heatmap, the Interior Department over the past month expanded its ongoing investigation of the wind industry’s wildlife impacts to go after turbines for killing imperiled bald and golden eagles, sending voluminous records requests to developers. We’ve discussed here how avian conservation activists and even some former government wildlife staff are reporting spikes in golden eagle mortality in areas with operating wind projects. Whether these eagle deaths were allowable under the law – the Bald and Golden Eagle Protection Act – is going to wind up being a question for regulators and courts if Interior progresses further against specific facilities. Irrespective of what one thinks about the merits of wind energy, it’s extremely likely that a federal government already hostile to wind power will use the law to apply even more pressure on developers.

    Keep reading...Show less
    Yellow
    Hotspots

    New Mexico’s NIMBYs Vow to Fight Again in Santa Fe

    And more on the week’s most important conflicts around renewable energy projects.

    The United States.
    Heatmap Illustration/Getty Images

    1. Santa Fe County, New Mexico – County commissioners approved the controversial AES Rancho Viejo solar project after months of local debate, which was rendered more intense by battery fire concerns.

    • Opposition to the nearly 100-megawatt solar project in the Santa Fe area was entirely predictable, per Heatmap Pro data, which shows overwhelming support for renewable energy in theory, yet an above average chance of NIMBYism arising. That genuine NIMBY quotient appears resilient, prompting even climate activist Bill McKibben to weigh in on the loud volume of the opposition.
    • The commission approved the project’s necessary permit on Tuesday after local fire officials cleared it on safety grounds. Opponents, however, led by an organization named Clean Energy Coalition for Santa Fe County, reportedly plan to sue over the approval, anyway.

    2. Nantucket, Massachusetts – The latest episode of the Vineyard Wind debacle has dropped, and it appears the offshore wind project’s team is now playing ball with the vacation town.

    Keep reading...Show less
    Yellow