Tag Archives: The Five Biggest Challenges for Banks When it Comes to Climate Risk

CoreLogic estimates recent thunderstorm activity brought strong straight-line winds and tornadoes, causing substantial damage to property across the U.S., with areas reporting wind speeds in excess of 100 miles per hour and hail greater than four inches in diameter.

With millions of properties exposed to risks including wildfires, flooding, hurricanes, and earthquakes, the Federal Reserve Board is looking to ensure that financial institutions are appropriately managing all material risks related to climate change.