This June, New York experienced one of its most intense heat waves in recent memory, with temperatures climbing above 100°F for several consecutive days. The extreme heat strained the power grid, caused rolling blackouts, and overwhelmed cooling centers across the state. Vulnerable populations—especially the elderly and those without access to air conditioning—faced serious health risks. These events are no longer rare; they’re becoming part of a new climate reality that demands attention from both public safety officials and the insurance industry.
For insurers and policyholders alike, the implications are significant. Property insurance claims may rise due to power surges, HVAC failures, and even fire risks. Health and life insurers are seeing more claims tied to heat-related illnesses. Commercial clients, particularly those with outdoor operations or temperature-sensitive assets, face increased liability and workers’ compensation exposure. Now is the time to review coverage limits, exclusions, and business continuity plans. As climate risks intensify, insurance strategies must evolve to ensure resilience and protection in the face of extreme weather.
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