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Climate Change-Linked Flooding Driving Millions from Their Homes, Report Says

Climate Change-Linked Flooding Driving Millions from Their Homes, Report Says

by The Associated Press | Dec 18, 2023 | CR Daily, Industry News, Residential Real Estate

Flooding is driving millions of people to move out of their homes, limiting growth in some prospering communities and accelerating the decline of others, according to a new study that details how climate change and flooding are transforming where Americans live.

Climate Change-Linked Flooding Driving Millions from Their Homes, Report Says

Homeowners Face Rising Insurance Rates as Climate Change Makes Disasters More Common

by The Associated Press | Sep 26, 2023 | CR Daily, Industry News, Residential Real Estate

A growing number of Americans are finding it difficult to afford insurance on their homes, a problem only expected to worsen because insurers and lawmakers have underestimated the impact of climate change, a new report says.

Climate Change-Linked Flooding Driving Millions from Their Homes, Report Says

Severe Storms Lead to Unprecedented $34B in US Insured Losses So Far

by The Associated Press | Aug 9, 2023 | CR Daily, Industry News, Residential Real Estate

Waves of severe thunderstorms in the U.S. during the first half of this year created an unprecedented level of financial damage in such a short time, according to Swiss Re Group, as climate change contributes to the frequency and severity of violent meteorological events.

CT to See Hurricane Damage Boost, Report Says

CT to See Hurricane Damage Boost, Report Says

by James Sanna | Mar 1, 2023 | CR Daily, Industry News, Residential Real Estate

As climate change warms the Atlantic Ocean, making hurricanes more powerful as they travel north, the Northeast will likely see an 87 percent increase in damage from hurricane winds, new research says.

Climate Change-Linked Flooding Driving Millions from Their Homes, Report Says

Buyers, Lenders Face Climate Risk Information Gap

by James Sanna | Oct 20, 2022 | CR Daily, Industry News, Residential Real Estate

Homebuyers started to shy away from homes that face the most severe climate risks during the pandemic buying boom, but not as much as might be expected. And a challenge in understanding climate change’s impact may be to blame.

Climate Change-Linked Flooding Driving Millions from Their Homes, Report Says

Study: CT Buyers Among Most Concerned by Flood Risk

by James Sanna | Sep 12, 2022 | Banking & Lending, CR Daily, Industry News, Residential Real Estate

A study of 17.5 million users on the home listings portal Redfin paints a concerning picture for home sellers in flood-prone areas.

CT to See Hurricane Damage Boost, Report Says

Calm Before Storms? Hurricane Season Oddly Quiet So Far

by The Associated Press | Sep 6, 2022 | CR Daily, Industry News, Residential Real Estate

In a state where valuable coastal real estate is increasingly at risk from storms and memories of Superstorm Sandy remain fresh, the prognosis for each year’s hurricane season is a subject of concern.

SEC’s Climate Regulations Could Ripple Through Banking Sector

SEC’s Climate Regulations Could Ripple Through Banking Sector

by Diane McLaughlin | May 19, 2022 | Banking & Lending, CR Daily, Industry News

As the federal government moves closer to requiring publicly traded companies, including stock banks, to disclose information related to climate change, other banks and even credit unions could feel the effects.

Climate Change-Linked Flooding Driving Millions from Their Homes, Report Says

Report: 60 Percent of U.S. Credit Unions Face Climate Risks

by Diane McLaughlin | May 12, 2022 | Banking & Lending, CR Daily, Executive Briefing

More than 60 percent of U.S. credit unions could face physical risks from the effects of climate change, according to a new report from Ceres and the Filene Research Institute.

Lawmakers Send Vehicle Emissions Bill to Lamont

Lawmakers Send Vehicle Emissions Bill to Lamont

by The Associated Press | May 2, 2022 | Commercial & Industrial, CR Daily, Industry News

A wide-ranging bill aimed at reducing vehicle emissions in Connecticut, including the likely adoption of California’s clean air standards for certain trucks and a requirement that all school buses be emission-free by 2040, was advanced Friday to Gov. Ned Lamont’s desk.

Earth ‘Firmly on Track Toward an Unlivable World,’ Top Scientists Warn

Earth ‘Firmly on Track Toward an Unlivable World,’ Top Scientists Warn

by The Associated Press | Apr 5, 2022 | Banking & Lending, Commercial & Industrial, CR Daily, Industry News, Residential Real Estate

Temperatures on Earth will shoot past a key danger point unless greenhouse gas emissions fall faster than countries have committed, the world’s top body of climate scientists said Monday

Webster Bank Joins Group Exploring Lenders’ Climate Change Risks

Webster Bank Joins Group Exploring Lenders’ Climate Change Risks

by The Commercial Record | Mar 24, 2022 | Banking & Lending, CR Daily, Executive Briefing

Stamford-based Webster Bank has joined four other regional banks as part of a new consortium focused on the risks banks face related to climate change.

New Corporate Climate Change Disclosures Proposed by SEC

New Corporate Climate Change Disclosures Proposed by SEC

by The Associated Press | Mar 22, 2022 | Banking & Lending, CR Daily, Industry News

Companies would be required to disclose the greenhouse gas emissions they produce and how climate risk affects their business under new rules proposed Monday by the Securities and Exchange Commission as part of a drive across the government to address climate change.

Embattled Fed Pick Bloom Raskin Withdraws Nomination

Embattled Fed Pick Bloom Raskin Withdraws Nomination

by The Associated Press | Mar 16, 2022 | Banking & Lending, CR Daily, Industry News

Sarah Bloom Raskin, under fire from Senate Republicans for her views on climate change and financial regulation, has withdrawn her name from consideration for a key post on the Federal Reserve’s Board of Governors.

Lamont Calls for ‘Zero Carbon’ Statewide by 2040

Lamont Calls for ‘Zero Carbon’ Statewide by 2040

by The Commercial Record | Feb 25, 2022 | Commercial & Industrial, CR Daily, Industry News

Gov. Ned Lamont has proposed the state set a binding target to make the state’s electrical grid carbon-free by 2040.

Earth ‘Firmly on Track Toward an Unlivable World,’ Top Scientists Warn

Report Warns of Century’s Worth of Sea Rise in 30 Years

by The Associated Press | Feb 16, 2022 | Banking & Lending, Commercial & Industrial, CR Daily, Industry News, Residential Real Estate

America’s coastline will see sea levels rise in the next 30 years by as much as they did in the entire 20th century, with major Eastern cities hit regularly with costly floods even on sunny days, a government report warns.

Raskin Nomination Puts Climate on Fed’s Regulatory Agenda

Raskin Nomination Puts Climate on Fed’s Regulatory Agenda

by The Associated Press | Jan 14, 2022 | Banking & Lending, CR Daily, Industry News

President Joe Biden announced the nomination of Sarah Bloom Raskin, a former Fed and Treasury official, for the Federal Reserve Board’s top regulatory slot on Friday in a move that could lead to climate concerns being incorporated into bank regulation.

Lamont Signs Sweeping Order on Climate Change, with Real Estate Implications

Lamont Signs Sweeping Order on Climate Change, with Real Estate Implications

by The Associated Press | Dec 17, 2021 | Commercial & Industrial, CR Daily, Industry News

Connecticut Gov. Ned Lamont signed a sweeping executive order aimed at reducing pollution and addressing climate change Thursday.

‘Watered-Down Hope’: Experts Wanted More From Climate Pact

‘Watered-Down Hope’: Experts Wanted More From Climate Pact

by The Associated Press | Nov 15, 2021 | Commercial & Industrial, CR Daily, Industry News

While world leaders and negotiators are hailing the Glasgow climate pact as a good compromise that keeps a key temperature limit alive, many scientists are wondering what planet these leaders are looking at.

State Opposes High-Rise Housing on Long Wharf

State Opposes High-Rise Housing on Long Wharf

by Steve Adams | Nov 4, 2021 | Commercial & Industrial, Industry News

A New Haven developer’s plans for high-rise waterfront housing at Long Wharf is setting up a showdown with state regulators over coastal development in the age of climate change.

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