Losses Database News Today

Estimating the cost of natural disasters is a tricky business and calculations can vary widely. Following the devastating earthquake in Turkey and Syria, we examine some of the main methods used.

A new study from the New York Federal Reserve examining the impact of extreme weather events on bank financial stability throws cold water on the heated rhetoric in the climate change space, finding that the threat from natural disasters is trivial while warning that a bigger danger to financial institutions comes from policies meant to shield them from such risks.

Extreme weather disasters are costing the country billions of dollars in damages each year. A new study from Stanford shows that over the past three