Hurricane Harvey brought biblical floods to Houston. Ten days later, Hurricane Irma devastated the Caribbean. Were these freak storms the direct consequence of man-made climate change? What lessons can we learn to prepare for extreme weather events in the future? Who will be the key players in a world of freak weather? And can the insurers cope with this new level of risk?
Hurricane Harvey was one of the wettest storms in recent meteorological history. In a matter of hours it dumped some nine trillion gallons (41 trillion litres) of rain on Houston and south eastern Texas. In a single day 24 inches (61 centimetres) of rain fell. Over the six days of the storm from Saturday, 26 August to Thursday, 31 August one rain gauge recorded 50 inches (127 centimetres).
by Robert Stephens| Equities|2 mins. to read With inflation moving back up to 2.9% in August, obtaining a real return may become more difficult for investors. Certainly, there are a number of popular income shares which are likely to offer income returns in excess of inflation.
by Nick Sudbury| Funds|2 mins. to read Commodity-related stocks have had a difficult time of it in recent years with the main sector indices still trading well below their pre financial crisis levels. Funds that specialise in this area can provide a useful source of diversification and protection against inflation.
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