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I returned in December to try to understand why Bombay Beach remains so compelling, especially as extreme weather — heat, hurricanes and drought — and pollution wreak ever more intense havoc on it. By the end of the decade, the Salton Sea, California’s largest inland body of water, at about 325 square miles, may lose three-quarters of its volume; in the past 20 years, the sea’s surface area has shrunk about 38 square miles. But people who live in Bombay Beach stay because the town offers a tight-knit community in the midst of catastrophe. Though its residents contend with environmental adversity on a daily basis, they’re also demonstrating how to navigate the uncertain future we all face — neglect, the fight for scarce resources, destruction of home, the feeling of having no place to go. They are an example of how to survive wild climate frontiers together.
Persons: they’re Organizations: San Locations: Bombay
Read previewAirbnb is updating its cancellation and refund policy to include "unexpected major events" like natural disasters. The Major Disruptive Events Policy — formerly called the Extenuating Circumstances Policy — will go into effect on June 6. Since the cancellation and refund policy doesn't cover all emergencies, Airbnb urges guests to invest in travel insurance. Airbnb banned indoor security cameras in March 2024. Airbnb's cancellation and refund policy update comes after it banned indoor security cameras this month.
Persons: , Airbnb Organizations: Service, Business, Community Policy Locations: Florida, Juniper
Read previewThe collapse of Baltimore's Francis Scott Key bridge could lead to the biggest losses in the history of marine insurance, the bosses of Lloyd's of London warned on Thursday. "The tragedy has the capacity to become the largest single marine insurance loss ever," the commercial insurance market's chairman Bruce Carnegie-Brown said in an interview with Reuters. Related stories"I would say it's certainly going to be one of the largest marine losses in history, of that there is little or no doubt," he said. Barclays analysts estimate that the disaster could lead to $3 billion in insurance claims, while Morningstar DBRS put the figure at $4 billion. AdvertisementBoth of those figures would surpass the $1.5 billion losses triggered by the Costa Concordia disaster.
Persons: , Baltimore's Francis Scott Key, Bruce Carnegie, Brown, John Neal, Neal, Dali, Morningstar DBRS Organizations: Service, Reuters, Business, BBC Radio, Maersk, Barclays Locations: London, Costa Concordia, Italy
But after decades by the water in Florida, Meaders said Florida "is definitely not paradise anymore." Meaders wanted to be closer to her son and grandson, and the couple wanted a small-town feel. AdvertisementMany older Americans continue to flock to Florida, though some have recently told Business Insider they've had enough of the Sunshine State. Meaders and Dunne met in Brevard County after Dunne moved back. They've found the hospitality of everyone in their community much improved, noting that many people in her small Missouri city recently moved from California.
Persons: Sherry Meaders, James Michael Dunne, Meaders, they've, millennials, Missouri Meaders, Dunne, Rockledge, We're, it's, she's, They've, We've Organizations: Service, Business, Sunshine State, Bureau, Survey, Coast Guard, Bell System, Daytona, Kansas City Locations: Florida, Missouri, Virginia, Georgia, Texas, Kansas City, Rockledge, Brevard County, Cocoa Beach, Cape Canaveral, Chicago, Pacific, Alaska, Fort Lauderdale, Orlando, Volusia County, Daytona Beach, Africa, Miami, America, Kansas, In Florida, California
Boomers who once flocked to Florida are increasingly ditching the state for southern Appalachia. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementFor decades, Florida has remained a top destination for retirees looking to settle down roots as they enjoy their golden years. Many boomers moving into southern Appalachia have also bypassed Florida altogether. But some new residents fear Dawson County will simply become a northern outpost of the vast Atlanta metropolitan region, known for its suburban sprawl.
Persons: Boomers, , Ed Helms, Johnnie, Billy Thurmond Organizations: Service, Street Journal, Northeast Locations: Florida, Appalachia, Midwest, Southwest Virginia, North Georgia, North Carolina, South Carolina, Alabama, Tennessee, Appalachian, Dawson County , Georgia, Dawsonville, Atlanta, Dawson, Pickens, Panama City Beach , Florida, Dawson County
But he added that the records were unsurprising, given that ocean heat is being supercharged by human-caused global warming, a series of marine heatwaves and El Niño, a natural climate pattern marked by higher-than-average ocean temperatures. Global ocean warmth can add more power to hurricanes and other extreme weather events, including scorching heat waves and intense rainfall. Ocean heat sets the stage for more ferocious hurricanes. “Measuring ocean warming allows us to track the status and evolution of planetary warming,” Schuckmann told CNN. But, she added, it’s currently impossible to predict when ocean heat will drop below record levels.
Persons: , Joel Hirschi, El, Karina von Schuckmann, Brian McNoldy, ” Hirschi, ” Schuckmann, it’s, Derek Van Dam Organizations: CNN, National Oceanic, Atmospheric Administration, University of Maine’s, National Oceanography, University of Miami Rosenstiel School Locations: Australia, France
A TikTok about Costco's emergency food kits went viral, sparking some panicked speculations. But emergency meal kits are handy during emergencies and natural disasters, not just the apocalypse. AdvertisementWhen a TikTok showcasing some of the emergency food kits for sale at Costco went viral, people in the comments had questions — and some mild panic. Related storiesReadywise's emergency meal kits can last up to 25 years, while Mountain House says it has a 30-year taste guarantee. Mountain House Breakfast Skillet Kelsey VlamisThe breakfast option from Mountain House was also a winner.
Persons: , Readywise, Norm Ramos, there's, Mount House, Kelsey Vlamis, Chili, Fettuccine Alfredo, Kelsey, Kraft, Skillet Kelsey, It's, Beef, Alfredo, Chicken Kelsey, I, Alfredo … Organizations: Service, Costco, Mount, House Locations: Readywise, Tabasco
Two of the people we spoke with moved from New York City, one from London, and one from Seattle. Citadel's Miami office overlooks the Biscayne Bay and downtown Miami. Citadel and Citadel Securities also cover the cost of a weeklong visit to Miami for employees and significant others who are considering moving there. Cupjin Huang just started his job as a quant researcher for Citadel Securities this year. AdvertisementCupjin Huang, a quant researcher at Citadel Securities, in Miami with his dog Rufus.
Persons: , it's, Ken Griffin, Thoma Bravo, Goldman Sachs, Griffin, Lin, Manuel Miranda's, Hamilton, Maksim Solovjov, Miami doesn't, Rich Cummings, there's, Liz Boyhan, Cupjin Huang, Huang, Rufus, Pitbull, that's, Cummings, Solovjov, It's, you'll, Alexander Spatari, Inrix, she's, haven't, Fortune, he's, Boyhan, I've, fiancé Organizations: Service, Southeast Financial Center, Citadel Securities, Business, Bloomberg, Citadel, Citadel Citadel, Miami Dolphins, Miami, Prix, Citadel's, Downtown, Alibaba, BI, Key, New, New York City, Transportation, Fairchild, Botanic, Miami - Dade, Miami Beach, Google, UBS Locations: Miami, Biscayne Bay, Fisher, South Beach, York, Wall, New York, United States, New York City, London, Seattle, Magic, Bay, Florida, Downtown Miami, Brickell, Chihuahua, Hawaii, , Orlando, Los Angeles, Coral Gables, Fairchild, Italian, Tua, Solovjov, Manhattan
Realtor.com has unveiled a set of climate risk tools that homeowners and homebuyers alike can use to learn the specific climate risks of a property. The tools, called Heat Factor, Wind Factor, and Air Factor, are available starting Wednesday and can map out a neighborhood's risks of above-normal days on the heat index, chances of experiencing wind gusts over 50 mph, and days of poor air quality. More than 40% of US homes, valued at a combined $20 trillion, are vulnerable to extreme heat, wind, and poor air quality, according to a Realtor.com analysis. Understanding your home's climate riskPrior to releasing the heat, wind, and air quality tools, Realtor.com already provided fire and flood risks for properties based on data from First Street. First Street, a climate-risk firm, is also behind the data on extreme heat, wind, and air quality now added to listings.
Persons: Realtor.com, Oscar Seikaly, Bob Stephens, homebuyers, Danielle Hale, Hale, Z, Redfin, we've Organizations: Service, Factor, Air Factor, Business, San, Sun Locations: Florida , California, Texas, Miami, San Francisco, California, Florida
Read previewThe Florida condo market is caught in a storm. By contrast, median condo prices nationally rose 8% over the same period, to around $340,000. A deepening insurance crisis for Florida homeownersThe rising cost of insurance has been a long-simmering problem in Florida. Recently, he walked away from buying a $300,000 condo in North Palm Beach that would have come with a $4,500 annual insurance bill. On his own single-family home in Palm Beach Gardens, Forina added, his annual insurance premium, which was $2,600 in 2017, jumped to $8,200 in 2024.
Persons: , It's, Joe Humphfner, rusk, Florida homeownership, Holly Meyer Lucas, Meyer Lucas, Anthony Forina, Forina, Humphfner Organizations: Service, Business, Sunshine State, Farmers Insurance, Bankers Insurance, Homeowners, Wall Street Journal, Condo, Humphfner Locations: Florida, Jupiter, West Palm, Jacksonville, Miami, Coral, Florida's, South Florida, North Palm, Palm Beach
CNN —Last month was the planet’s hottest February on record, marking the ninth month in a row that global records tumbled, according to new data from Copernicus, the European Union’s climate monitoring service. It’s yet another grim climate change milestone, as the long-term impacts of human-caused global warming are given a boost by El Niño, a natural climate fluctuation. Global temperatures in the first half of the month in particular were “exceptionally high,” according to the analysis. “At times, the records have been broken by margins that are virtually statistically impossible,” McNoldy told CNN. The Copernicus data “tells a familiar story of warming temperatures and shifting patterns of weather,” said Hannah Cloke, a climate scientist and professor at the University of Reading in the UK.
Persons: Copernicus, El Niño, ” Carlo Buontempo, Brian McNoldy, ” McNoldy, , Hannah Cloke, Cloke, Derek Van Dam Organizations: CNN, El, University of Miami Rosenstiel School, , University of Reading Locations: Paris
Read previewThis as-told-to essay is based on a conversation with Cassie Leigh, a 29-year-old journalist who moved from Pittsburgh to Tampa. I've always heard people say Florida is a beautiful place to live, and I loved visiting the beach as a kid. In January 2018, I quit my journalism job in Pittsburgh and moved without knowing anyone. AdvertisementAfter only a few months in, I liked living in Tampa so much that I bought a house. Wind mitigation is crucial; your insurance company could charge you more if you don't have the right hurricane shutters.
Persons: , Cassie Leigh, I've, hasn't, It's, homebuyers Organizations: Service, Business, Tampa, Florida Locations: Pittsburgh, Tampa, Florida, Miami, Orlando, Canadian, I'm, South Carolina
Under the disclosure, public companies will have to release their greenhouse gas emissions, environmental risk impacts, and risk management strategies. Climate disclosure will create a standardized way for companies to report environmental impactPreviously, companies only disclosed their climate impact information on a voluntary basis. Bryan McGannon, managing director of the nonprofit sustainable investment forum US SIF, said the climate disclosure is "a really good first step" toward increasing transparency. The SEC might also be facing litigation from corporate America, which hopes to challenge the new climate disclosure in court, McGannon said. Some companies might be concerned about the potentially high costs of gathering data and complying with the disclosure, SEC officials said.
Persons: Gary Gensler, Steven Rothstein, Rothstein, Bryan McGannon, McGannon, Gavin Newsom Organizations: Service, US Securities and Exchange Commission, Business, Economic, SEC, BI, Ceres Accelerator, Sustainable Capital, US, CNBC, Clean Energy, Jobs Locations: America, California, Michigan
CNN —The Securities and Exchange Commission voted on Wednesday to pass a scaled-down climate reporting rule for public companies after the agency’s initial proposal was met with backlash from business leaders and some lawmakers. The finalized rule will require public companies to share how climate change might hurt their businesses. Some public companies will have to share how much they pollute, though the new rules no longer require companies to report some greenhouse gas emissions. A controversial proposalThe source of much of the controversy surrounded a proposal to require companies to disclose scope 3 emissions, which are emissions a company is indirectly responsible for. The new rules also require companies to share physical risks posed by climate change, including the threat of rising natural disasters like wildfires or hurricanes.
Persons: Gary Gensler, Biden, ” Shivaram, Caroline Crenshaw, Organizations: CNN, Securities, Exchange, Columbia Business School, SEC
Read previewThis as-told-to essay is based on a conversation with Cassie Leigh, a 29-year-old journalist who moved from Pittsburgh to Tampa. AdvertisementAfter only a few months in, I liked living in Tampa so much that I bought a house. Living here felt like paradise — but then everything changedAfter 23 years in Pittsburgh, I was mesmerized by the year-round warm weather, living so close to the beach, and being surrounded by people my age. Wind mitigation is crucial; your insurance company could charge you more if you don't have the right hurricane shutters. I love the beaches and the weather, but living here is not worth the price tag.
Persons: , Cassie Leigh, I've, hasn't, It's, homebuyers Organizations: Service, Business, Tampa, Florida Locations: Pittsburgh, Tampa, Florida, Miami, Orlando, Canadian, I'm, South Carolina
CNN —Dozens of cities along the US coastline are sinking at alarming rates, leaving them far more exposed to devastating flooding from sea level rise than previously thought, scientists reported Wednesday. Cities on the East Coast where sinking land is exacerbating sea level rise include New York City and Atlantic City; Virginia Beach; Charleston, South Carolina; and Savannah, Georgia. As much as a third of sea level rise in this region over the next three decades could come from the sinking effect, the report found. This is a particular problem in areas where new coastal land has been created over the years by backfilling with sediment. Additionally, researchers say most sea level rise studies make projections for the end of the century, which “is viewed as too far (away) to begin planning,” Shirzaei said.
Persons: , Manoochehr Shirzaei, Leonard Ohenhen, Ophelia, Bing Guan, Kristina Hill, you’ll, ” Ohenhen, Joe Raedle, ” Shirzaei Organizations: CNN, Virginia Tech, Cities, Seaboard, Corpus Christi, Reuters, University of California, Getty Locations: East, New York City, Atlantic City, Virginia Beach, Charleston , South Carolina, Savannah , Georgia, Gulf, East Coast, Louisiana, Texas, Galveston, Freeport, Corpus, Northeast, Hamilton Beach, Queens, Berkeley, New Orleans, Port, Miami
Climate disclosures would be made in annual filings companies make to the SEC, such as a Form 10-K, and in registration statements filed before an initial public offering. "I think climate disclosures have largely become table stakes for the investment community," said Lindsey Stewart, director of investment stewardship research at Morningstar. Current climate disclosures are 'uncommon'Ships on the Panama Canal on August 21, 2023. Shipping experts fear such events could become the new normal as rainfall shortfalls highlight climate risks. The SEC proposal outlined three tiers of emissions disclosures: Scopes 1, 2 and 3.
Persons: Gary Gensler, Win Mcnamee, , Lindsey Stewart, Daniel Gonzalez, Stewart, They'd, Rachel Curley, Hurricane Idalia, Christian Monterrosa, Cowen, Patrick McHenry, Sen, Tim Scott, Bill Huizenga, Chris Ratcliffe, They're Organizations: Securities, Exchange, Financial Services, General, Getty, The Securities, Exchange Commission, SEC, Morningstar, Panama Canal Authority, Shipping, Anadolu Agency, P Global, Corporations, U.S . Sustainable Investment, Hurricane, Bloomberg, Republicans, Economic, Deloitte Locations: Washington, Panama, U.S, Cedar Key , Florida, R
This fire adds to an ever-lengthening list of rapidly spreading, destructive wildfires in the US and elsewhere. To understand why the Texas fires have been so fierce you have to look to last spring, said Luke Kanclerz, a fire analyst at Texas A&M Forest Service. It only took a short period of warm, dry weather for them to dry out further, providing a carpet for the fire to spread. Yuki Iwamura/AFP/Getty ImagesScientists are still working to understand what impact, if any, global warming is having on the winds that whip up wildfires. Research has found climate change is fueling the rapid intensification of hurricanes, pushing storms to explode at a deadly pace.
Persons: it’s, Cpl Marc, Andre Leclerc, , John Abatzoglou, Luke Kanclerz, Kanclerz, Mike Flannigan, Abatzoglou, “ There’s, ” John Nielsen, Gammon, Yuki Iwamura, Dora, Kaitlyn Trudeau, Trudeau, ” CNN’s Rachel Ramirez Organizations: CNN, United, European Union, Canadian Forces, Reuters, University of California, , Texas, M, Service, Texas Panhandle, University of Alberta, Getty, Climate Central, The Locations: United States, Maui, California, Paradise, Canada, Greece, Chile, Mistissini, Quebec, Merced, Texas, Hawaii, West Texas, Gammon , Texas, Lahaina, AFP, Hawaii’s, The Texas, Plains
I moved back to Texas as an adult in 2018 for a position at a local newspaper. I had multiple eye-opening experiences that didn't align with my desired quality of life, so I left around two years later. The voting process was outdatedI experienced voting in person for the first time since I had been voting by mail in Oregon. The lead-up to the Abortion Ban was a heavy reason I left Texas, and this is a hill I will die on. I knew when it was time for me to goAlthough the political environment mismatch was a strong reason I left Texas, other reasons contributed to my move away from the state.
Persons: , Grandma, Roe, Wade, could've Organizations: Service, Houston, Business Locations: Houston, Portland, Texas, Oregon, In Texas
But the firm says rising insurance costs could eventually dampen demand. The researchers then gave each county a composite climate risk score, measured against each area's house price index. AdvertisementA positive relationship also emerged between higher climate risk and population growth, indicating that more people were migrating in than leaving these areas. Others may simply have no intent on selling, and consider themselves too old to experience these rising costs. But changes to property insurance may force prospective buyers to give more attention to climate risks, JPMorgan noted.
Persons: Alexander Wise, Jan Loeys, Risks, Redfin Organizations: JPMorgan, Service, Foundation Locations: Florida
Opinion: What the AT&T outage reveals
  + stars: | 2024-02-23 | by ( Opinion Bob Kolasky | ) edition.cnn.com   time to read: +6 min
CNN —The news Thursday morning of the AT&T service outage — affecting tens of thousands, if not hundreds of thousands of customers — was yet another reminder of the importance of critical infrastructure resilience. By a few minutes after 3 pm ET, about 11 hours after customers’ initial reports of the outage, AT&T said it had restored service to all affected customers. For communications, it can be conceptualized in two different ways: What is the scope and scale of the service outage and what are the cascading consequences of the outage? In a connected world, a widespread communications outage can have a contagion effect. Infrastructure outage incidents can’t be addressed by stove-piping information.
Persons: Bob Kolasky, , it’s Organizations: Infrastructure Security, Risk Management, CNN, Bob Kolasky Department of Homeland, Federal Communications Commission, White, Communications, AT, Rogers Communications, Chinese Communist Party, Telecommunications, Carnegie Endowment, International Peace Locations: Exiger, Canada, France, Paris, Puerto Rico, Southeast, Gulf
The problem is: If your basement floods, your flood insurance policy likely won't cover damages to most — if any — of your belongings. What is flood insurance? To that point, 99% of U.S. counties have experienced a flood since 1998 — and more than 40% of flood insurance claims are from outside high-risk flood areas, according to FEMA. Most people who have flood insurance get it through the federal government, via FEMA's National Flood Insurance Program, experts said. Consumers concerned about flood risk and insurance coverage should consider not putting their stuff in a basement, if possible, Kochenburger said.
Persons: Johnson, Jessica Rinaldi, Peter Kochenburger, Eric Thayer, Kochenburger, NFIP, Don Griffin, it'd, Griffin, Policyholders Organizations: Boston Globe, Getty, Southern University Law Center, Insurance, FEMA, Federal Emergency Management Agency, Flood Insurance, Bloomberg, Consumers, American, Casualty Insurance Association, Census, Southern University Law Locations: Vermont, United States, U.S, Whittier , California, freezers
CNN —Hurricane season is months away, but the waters where hurricanes roam haven’t received the memo. North Atlantic temperatures typically only go up from here, climbing in spring and reaching a maximum in early fall when hurricane season also peaks. The earlier La Niña arrives, the sooner it would influence hurricane season. “If you don’t want an active hurricane season, you would need La Niña to wait as long as possible to begin,” McNoldy said. Forecasters with NOAA’s Climate Prediction Center believe La Niña could arrive as soon as summer, but more likely by fall.
Persons: haven’t, ” Brian McNoldy, “ We’ll, hasn’t, McNoldy, ” McNoldy, , , Phil Klotzbach, Niña, Klotzbach, Rita, Irene, ” Klotzbach, El, Patrick T, Fallon, It’s, don’t Organizations: CNN, Hurricane, University of Miami, Central America, Colorado State University ., Getty Locations: West Africa, Central, Pacific, percolate, Hurricane, LaPlace, Louisiana, AFP
Record hot seawater killed more than three-quarters of human-cultivated coral that scientists had placed in the Florida Keys in recent years in an effort to prop up a threatened species that’s highly vulnerable to climate change, researchers discovered. They saw widespread death in both repopulated and wild coral on five Florida Keys reefs. Only 22% of the 1,500 repopulated staghorn coral that they surveyed was still alive, NOAA said. “What happened in 2023 was absolutely devastating,” said retired NOAA coral monitoring chief Mark Eakin, who now is corresponding secretary for the International Coral Reef Society. “Coral restoration is almost certainly doomed to fail under climate change,” Baum said in an email.
Persons: critters, Katey, ” Lesneski, Lesneski, , It's, that's, , Mark Eakin, ” Eakin, Eakin, Julia Baum, ” Baum, it's, Seth Borenstein Organizations: National Oceanic, Atmospheric Administration, El Nino, NOAA, Looe Key, NOAA's, Coral Reef Society, University of Victoria, Associated Press Locations: Florida, elkhorn, El, Looe, AP.org
Much of the Sunbelt "has [a] low air-quality risk but it has high heat risk, high flood risk, high wind risk from things like hurricanes," she said. When looking at moving trends within counties and cities from 2000 to 2020 paired with flood risks, researchers at First Street Foundation noticed clear signals of people moving away from areas exposed to flooding. Additionally, more than 3.2 million (35.5%) of those residents said they left specifically because of the flood risk. 'I personally was impacted by air quality'Over 85% of homes in 13 major cities are highly exposed to poor air quality; nine are in California and the rest are spread out in Washington, Oregon and Idaho, Redfin found. "I personally was impacted by air quality," Fairweather said.
Persons: Eduardo Munoz Alvarez, Fairweather, We're, Jeremy Porter, Porter, Redfin Organizations: Getty, First Street Foundation, CNBC, riskier metros Locations: West Coast, Sunbelt, Arizona , Florida , Nevada , North Carolina, South Carolina , Texas, Tennessee, New York, U.S, California, Washington , Oregon, Idaho, Seattle, Wisconsin, riskier
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