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Climate change raises the stakes for insurers and policyholders.



Tony and Jhan Dunn never dreamed they would leave California, where they grew up, built a relationship and planned to settle down.

Despite the fact that their home was destroyed by a wildfire in Paradise, California three years ago, they were unable to obtain insurance to buy another because of the disaster.

“We were effectively priced out of California,” Dunn, a former planning specialist, remarked from their new house in North Carolina.

Because the insurance business, notorious for its eagerness to cover everything from Bruce Springsteen’s voice chords to alien abductions, has problems accounting for climate change, there are thousands of homeowners and companies in California to Australia in the same situation.

The tried-and-true method, which draws on decades of historical data to forecast future claims, fails to account for changing weather patterns and hurricanes, floods, heat waves, or snowstorms that become more severe and unpredictable according to industry experts. The British hosts of the U.N. climate summit in Glasgow acknowledged on Wednesday that present emission cut promises were insufficient to avoid catastrophe if global warming is left unchecked.

Last week, insurance broker Aon (AON.N) said that “extremely odd” floods in Germany and China this year resulted in record insured losses for those areas.

According to Attila Toth, the CEO of, insurance companies are withdrawing because no one wants to be in the business of losing money. “And if they don’t trust their usual methods, they’re afraid that they’ll lose money,” he adds., which is used by Farmers Insurance, reinsurer Berkshire Hathaway (BRKa.N), and Aon, uses artificial intelligence that has been trained on over 1,400 wildfires to generate climate-change risk scores for each house.

Willis Re is using data from AI firm Cloud to Street to assist clients price flood insurance.

According to insurance research, there is a pressing need for such progress.

According to Lloyd’s of London insurer Chaucer, the average number of large U.S. wildfires has increased by 30% over the last 15 years and by nearly a fifth in just the previous five years (SOLYD.UL).

In all, insured losses for so-called “secondary” perils such as floods and fires, rather than more closely modelled risks like hurricanes, have increased by almost 90% over the last decade, according to data from Swiss Re (SRENH.S).

By 2040, global insured losses from all types of natural disasters are expected to rise by 30-63 percent in developed nations. China, the United Kingdom, France and Germany may all see premiums climb by 90% to 120%.

Traditional ways of doing business cannot keep up with the rate at which blockchain technology is progressing, according to Bruce Carnegie-Brown, chairman of Lloyd’s of London.

“If you’ve gone to the end of the curve and something is suddenly speeding up, that’s very probable we’re underpricing the risk we’re taking.”

Customers are already feeling the effects, with insurance becoming more expensive or difficult to obtain.

U.S. property insurance rates are expected to have increased by 10% in the third quarter, according to Broker Marsh (MMC.N).

In California, the number of non-renewals of homeowners’ insurance policies increased 31% from a year earlier in 2019 to more than 235,000, according to data released by the state Insurance Department. According to Carmen Balber, executive director of Consumer Watchdog LA, the data for 2020 could be similar.

On the other side of the northern border, the Insurance Bureau of Canada stated that homeowners may not be able to purchase a new policy if they have suffered a fire.

Some household names, such as Liberty Mutual, Nationwide, and State Farm, have cut back on homeowners insurance in California. To lower overall risk of wildfires, Liberty Mutual claimed it was a “painful yet necessary step,” which was also shared by other insurance companies.

Insurers aim to reduce their risk by assisting customers in becoming more resilient. For example, commercial insurer AXA (AXAF.PA) provides a consulting service for clients like manufacturers that identifies their weak spots and suggests solutions, such as building flood barriers, according to its chief risk officer Renaud Guidee.

“This is a collaboration of interest that comes together.

Paul J Krump, Vice Chairman of Chubb Group, Global Underwriting and Claims, said the firm is assisting clients in making their infrastructure sturdier in light of recent geopolitical events.

Analysts believe that reinsurers, with their global scope and long history of writing catastrophe risks, can also help the industry adjust to climate change.

The group, according to Ernst Rauch, chief climate and geo scientist at Munich Re (MUVGn.DE), had the knowledge and desire to tackle climate risk.

After noticing a shift in the patterns of loss for weather-related calamities in the 1970s, AccuWeather created a team to address natural disasters and climate change.

“We saw a continuation of years with losses that were substantially larger than those seen over the previous 35 years. And that’s reflected in our models,” he added.

However, there was a gap between what the reinsurer believed to be a reasonable premium and what insurers were willing to pay.

“We cannot transfer this risk onto our balance sheet unless we obtain the premium required to cover these hazards, which is determined on our assessment,” Rauch added.

S&Per Global Ratings agency revealed that even reinsurers may be understating their climate risk by as much as 50%, calling their efforts to address climate change “nascent.”

Floods and wildfires, which have only in recent years begun to cause major losses, are not as well represented in industry simulations. Experts claim disasters such as hurricane strikes in Florida with a long history of causing severe damage, are more closely modeled than floods or fires.

This necessitates reinsurers and independent risk analysis firms like RMS and KCC to explore new ways of dealing with natural disasters.

Scenario modelling is one such technique, in which insurance companies are given a number of possible climate consequences on their portfolios over time to account for “the full range of uncertainty,” according to Laurent Marescot, senior director EMEA and CIS at RMS, which provides risk models to insurers.

Another tool examines how to take existing flood models for a certain area, such as the South China Sea, and map them to other areas across the world.

However, any improvements in making insurance more accessible and inexpensive will be too little, too late for the Dunns.

“It was terrible because we spent our whole lives in California and were both born in San Diego,” said Dunn. “I had no intention of leaving California, ever.”

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What Louis Tomlinson Thinks About A Possible One Direction Reunion



After breaking out in the media with hits such as “What Makes You Beautiful,” “Story Of My Life,” “Best Song Ever,” and more, 1D took the world by storm (via Digital Spy). However, in 2015, the boy band shocked their devoted followers when they announced that they will be taking a break. According to E! News, the group shocked their fans by announcing that they would go on hiatus in 2015. After Zayn Malik announced his intentions to leave 1D, the band decided to disband in order to focus on their own solo projects.

“They are great friends and fully support one another,” a source said of the group. “They are very aware that they are able to work on their own stuff as well as remain together. This is an exciting time for them creatively and as a group.” However, it appears that at least one member of One Direction was in opposition to the split.

Before the break, Tomlinson told The Guardian that he was feeling optimistic about the band. “In the last year of One Direction, I was probably the most confident I ever was,” he said. “And then it was: ‘OK, hiatus!'” He acknowledged that he struggled against it, but ultimately lost.

Since then, One Direction has yet to record any new music. The group’s future, on the other hand, appears promising.

Did Louis Tomlinson hint at a possible 1D reunion?

According to Cheat Sheet, since announcing the group’s hiatus in 2015, One Direction members have been working on their solo careers and other activities like beginning families. Louis Tomlinson recently spoke out about a possible reunion and left fans wondering if there could be hope for the group in the future, despite Harry Styles, Niall Horan, Liam Payne, and Zayn Malik all remaining quiet on the subject of a reunion.

In 2021, Tomlinson took part in the WIRED Google autocomplete challenge, answering queries about himself that fans most search for on the internet. He went through his tattoos, color of his hair, eye color, and more before finally getting to One Direction. When asked about the group he replied, “Good time in my life. Hopefully, we come back.” The return of an iconic logo inspired fans to believe that perhaps, just maybe, the band was reuniting. Fans also noticed that when Tomlinson referred to 1D as the band he “is” in before correcting himself to say “was,” he made a minor slip of the tongue.

Could Harry’s comments be hinting at a One Direction reunion? Despite the fact that it appears improbable for now, fans have not stopped hoping for the group to reunite and create new music in the future.

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This Is How Elton John Got His Name



Elton John is one of the most famous names in modern music, with his distinctive appearance and voice, as well as instantly-recognizable songs. It’s difficult to find many individuals who haven’t heard Elton John, better known as “The Rocketman,” thanks to his signature song of the same name. In fact, the Elton John biopic film released in 2019 was called “Rocketman” because the word is so easily identifiable with John (via IMDb).

However, prior to his career as “The Rocketman” and even before he earned the moniker “Elton John,” he was known by a different name. He actually went by his birth name, Reginald Kenneth Dwight, and dropped out of school at the age of 17 to pursue a music career (via Biography). He eventually changed his name because he was becoming more successful, however even the film documenting his life didn’t get his change of name right.

Elton John chose a new name on the fly

The film “Rocketman” tells audiences that Reginald Kenneth Dwight changed his name to Elton John after meeting John Lennon, the famous Beatle. Lennon, on the other hand, had nothing to do with how Elton John got his name. Another singer known as John also existed.

According to a 1991 interview with Rowan Atkinson, Reginald Dwight was a member of the group “Bluesology” and decided to go it alone, hence the name change. He said he chose the name Elton after a saxophone player in the group because he wanted to branch out on his own. In a 1990 interview conducted after the release of his CD box set entitled “To Be Continued…”

“I was in Bluesology, and we were coming back from a Long John Baldry gig somewhere, and we got a bus from London airport to London and someone said, ‘We’ve made it now, so what are you going to call yourself?'” John said (via The Wrap). “The saxophone player in the band was called Elton Dean, a very good jazz sax player, and the only other Elton I could think of was Elton Hayes, who recorded the song ‘The Owl and the Pussycat.’ So I took ‘Elton’ from Elton Dean and ‘John’ from Long John Baldry. I wanted to choose a name that nobody had, and it was as quick as that.”

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Fans Think Britney Spears Is Pregnant According to Them



When Britney Spears updated her Instagram Story, she may have started a rumour about herself. The singer and her partner Sam Asghari are relaxing on Maui, Hawaii at present. While posing for photos with her adoring public, Spears revealed that lately she hasn’t felt too well (via Fox News).

“I think I have a small bug … the only thing that is similar to this feeling is when I was pregnant…” the star wrote as a caption to the clip. She continued, “it’s the nausea that is the worst … It’s like I can’t wake up so I go to the gym trying to wake my system up !!!”

Spears continued her post by writing, “It’s like clockwork … I break my first sweat then I go to the bathroom and throw up… it’s absolutely horrible but then I stay at the gym because I don’t want to go home and lay sick in bed …. I keep going and [at] night I go dancing and my system starts to get clarity … Dude … this has been going on for a month and if someone has this you’re not alone !!!”

Following her return to Instagram, fans immediately started speculating about whether she is expecting again, with one user writing, “She’s pregnant again.” “Awwww baby on the way.” “Morning sickness my dear,” echoed another fan.

More Spears fans were reacting to her tweet about pregnancy on Twitter.

She has confirmed that she wants to conceive again

The celebrity’s message about being sick for a month caused Twitter to go wild. “Britney girl…your nausea has lasted for a month and the only other time you felt like this was when you were pregnant???? who’s gonna tell her?” asked one fan. “I think it’s time to get a pregnancy test PLS,” someone else tweeted.

The rumor mill was still in operation, with another individual adding, “Girls Britney is pregnant. Throwing up every morning for a month…. And she even said herself she’s never felt like this except when pregnant….”

Although she enjoyed her first title, Spears is still determined to have another kid. As the whole world heard during her conservatorship hearing as she tried to terminate it, Spears, who is a mother of two adolescent sons, wants to conceive another child. “I want to be able to get married and have a baby. I was told right now in the conservatorship, I’m not able to get married or have a baby. I have an IUD inside of myself right now so I don’t get pregnant,” the pop star testified. “I wanted to take the IUD out so I could start trying to have another baby. But this so-called team won’t let me go to the doctor to take it out because they don’t want me to have any more children,” she said (via Billboard).


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