CLIMATE CHANGE

Insuring against extreme heat: navigating risks in a warming world

Source: https://www.weforum.org/stories/2025/01/insuring-extreme-heat-navigating-risks/

In 2024, the planet reached a critical milestone: each of the last 10 years has been the hottest on record. For the first time, the global average temperature over a 12-month period rose 1.5°C above pre-industrial levels, currently at 1.62°C and exceeding the Paris Climate Accord’s target. UN Secretary-General António Guterres starkly described this as the “era of global boiling”, underscoring the urgency of addressing the intensifying and devastating impacts of extreme heat.