How Much Does a Heat Wave Cost? Insurers and CEOs Want to Know
Climate risk models, which are widely used in the insurance industry, can estimate the likelihood that fires or floods will affect a specific place in the US, even down to the address level, and how much damage that would wreak. So far, the models don't typically make detailed projections for extreme heat. For one thing, heat is less of a threat to real estate than it is to health, energy infrastructure and the food supply.
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