And “physical risk”, where sectors and firms have to change their output plans because they are on fire or under water. Here’s the really scary thing — the “Disasters and Policy Stagnation” scenario ...

At least 131 killed with new round of heavy rainfall set to hit state - Flood warnings remain in effect across the Hill ...

A potent storm system unleashed torrential rainfall across the U.S. East Coast on July 14, 2025, triggering widespread flash flooding from Virginia to New York. The relentless downpours, fueled by ...