Currently in Melbourne — December 5th, 2022

Currently in Melbourne — December 5th, 2022
Cloudy with a chance of showers and even a thunderstorm.

The weather, currently.

Cloudy with a high chance of showers.

After the heat of the weekend, a little bit of a shower this morning will be a welcome relief… for your garden at least if not for you. Two days in the thirties does not seem like enough after the wet and chilly spring we had, and the fact that we are dipping back into the teens this week, is not a prospect I’m personally relishing. But today’s mild top of 21˚C, after a morning low of 13˚C, is what’s in store on this cloudy day. There’s a chance of a thunderstorm in the morning and afternoon. And winds will be blustery and south-westerly from 25 to 40km/h.

— Megan Herbert

What you need to know, currently.

The world’s insurance bill from extreme weather events and climate disasters this year is $115 billion — 42 percent higher than the 10-year average of $81 billion, according to Swiss Re, a Zurich-based reinsurance giant.

The firm estimates that Hurricane Ian, the Category 4 Atlantic storm that was the deadliest hurricane to strike the state of Florida since 1935, was the single largest loss-causing event of the year with an estimated insured loss of $50-65 billion. Swiss Re ranks the hurricane as the second costliest natural disaster ever, in terms of insurance losses, after Hurricane Katrina struck Louisiana in 2005.

Other extreme weather events, such as the winter storms in Europe, flooding in Australia and South Africa, and hailstorms in France and the US resulted in about $50 billion insured losses as well.

"Extreme weather events have led to high insured losses in 2022, underpinning a risk on the rise and unfolding on every continent,” said Martin Bertrogg, head of catastrophe perils at Swiss Re. “Urban development, wealth accumulation in disaster-prone areas, inflation and climate change are key factors at play, turning extreme weather into ever rising natural catastrophe losses.”

Swiss Re conducted this analysis to provide reinsurance, a type of financial protection that protects insurers from high claims. Climate change has started to hurt the industry, as it’s been creating more frequent and severe storms leading to unprecedented financial losses. Updated models, however, allow the industry to more accurately predict damages.

“When Hurricane Andrew struck 30 years ago, a USD 20 billion loss event had never occurred before,” Bertrogg said. “Now there have been seven such hurricanes in just the past six years.”

—Aarohi Sheth

We are ramping up efforts to finish building Project Mushroom ASAP — a safe platform to promote connection, mutual aid, and transformative action at a critical moment in history. ​​We need your help. Several community members have committed to a matching fund of $8,815 that will be used to match dollar-for-dollar all Kickstarter pledges made using this link through December 15th.

What you can do, currently.