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Hurricane Beryl's Cascade of Crises Was a Sign of Storms to Come.
- Source :
- Bloomberg.com; 7/15/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- Hurricane Beryl's recent impact on Texas serves as a warning of the cascading damages that can result from storms. Beyond the immediate destruction, insurance and reinsurance companies are increasingly concerned about the long-term disruptions to productivity, health, and supply chains, which have significant economic costs. Climate change is exacerbating these risks, as wildfires, floods, and storms can damage critical infrastructure and supply chains, leading to lost production time, materials spoilage, and delays in deliveries. Changing weather patterns also mean that areas not historically affected by hurricanes are now vulnerable. The lesson from Hurricane Beryl is that more storms like this can be expected in the future. [Extracted from the article]
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 178442057