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How climate change could impact U.S. hurricane risk

From AIR Worldwide

AIR conducted a research study in collaboration with the Brookings Institution and AXIS Capital Holdings to explore how climate change may affect hurricane risk in the United States, specifically related to damage to residential and commercial properties. The analysis relies on the AIR Hurricane Model for the United States, which considers wind, storm surge, precipitation-induced flooding, and AIR’s U.S. industry exposure database.

The Brookings Institution and AXIS Capital Holdings provided critical academic information for this study.

Quantifying The Impact From Climate Change On U

Climate change is expected to significantly impact hurricane activity in the United States, primarily through an increase in sea surface temperatures. While climate change is likely to affect hurricanes in multiple ways, the study focuses on two aspects: The increase in frequency of the strongest storms; and additional storm surge flooding due to sea-level rise. The results of the analysis show that increased event frequency and sea level rise will have a meaningful impact on future damage.

Access the result of the analysis

Peter Sousounis, Ph.D.

Peter Sousounis, Ph.D., is vice president and director of climate change research. His current responsibilities include ensuring that current and future catastrophe model development at Verisk accounts for climate change, identifying products and tools to help clients address their climate change concerns, assisting with global resilience projects, and providing thought leadership in various forms of oral and written communication. He has been responsible for overseeing all global atmospheric model development, including hurricanes, extratropical cyclones, and severe thunderstorms, as well as for building the first numerically based storm surge model and the first ever tsunami model. Peter has authored nearly 100 publications on various topics of weather, climate, climate change, and catastrophe modeling, and holds graduate degrees in Meteorology from MIT and Penn State.

Roger Grenier

Roger Grenier, Ph.D, is senior vice president at AIR Worldwide at Verisk.

Jonathan Schneyer

Jonathan Schneyer is a risk consultant at AIR Worldwide at Verisk.

Dan Raizman

Dan Raizman is manager, global resilience at AIR Worldwide at Verisk.

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