The electricity company provides electricity to more than 26 million customers in Texas and has been widely criticised this week for a series of widespread blackouts amid freezing temperatures.
Insurance Post
Hélène Galy, managing director of Willis Towers Watson’s Willis Research Network, considers the growing threat of cascading risks.
Cascading, compound and interconnected risks are all around us. Yet, they are still rarely captured explicitly by catastrophe models, which largely focus on a single peril. In some cases, combined impacts may be partially and implicitly represented in models, given that the claims used for calibration may cover multiple perils – for example, claims from inland flooding and storm surge caused by tropical storms – but explicit understanding and acknowledgement of these interactions would support greater resilience.
In a recent report, 222 scientists across 52 countries highlighted cascading crises as the biggest threat to planetary health and future generations. The Covid-19 pandemic has exposed many examples of these complexities, not least when it collides with natural disasters. A number of climate-related hazards – such as t
As boil water mandates continue across Texas as a result of the winter storm, a Baylor College of Medicine infectious diseases expert discusses why it's.
OKLAHOMA CITY (AP) — Oklahoma Gov. Kevin Stitt said Wednesday that he is asking President Joe Biden for a federal disaster declaration due to a winter storm that dumped snow