According to the latest data from the U.S. National Centers for Environmental Prediction, July 3, 2023 marked the hottest day ever recorded worldwide. The average global temperature soared to 62.62 (17.01 degrees Celsius), surpassing the previous record set in August 2016.
The heatwaves sweeping throughout the world have underscored the seriousness of the ongoing climate crisis. In North Africa, temperatures have climbed close to 122 degrees (50 degrees Celsius). Elsewhere, China continues to endure harsh temperatures exceeding 95 degrees (35 degrees Celsius), while the southern United States has been battling under the weight of an intense heat dome that has spread throughout Texas, Arizona, Louisiana, Florida, Alabama, Mississippi, Georgia, and South Carolina. Even Antarctica – in its winter season – Reuters reports, experienced anomalously high temperatures, with Ukraine's Vernadsky Research Base in the Argentine Islands setting a July temperature record of 47.6 (8.7 degrees Celsius).
In the face of mounting climate risks, Arbol Insurance Services remains committed to addressing these challenges through innovative parametric solutions. High Temperature parametric insurance coverage offers flexible protection against revenue losses caused by extreme heat events.
Arbol Insurance Services' parametric insurance is underpinned by industry-leading risk modeling to provide businesses with a safety net against reduced revenue and increased expenses resulting from high-temperature events. Our coverage ensures financial resilience for organizations operating in heat-sensitive industries.
By partnering with Arbol Insurance Services, producers gain access to innovative parametric insurance products, advanced technology via dClimate – the robust open-source platform for climate-modeling – and a dedicated team of professionals who are laser-focused on achieving the best results for your clients.
Contact Arbol Insurance Services today to reap the benefits of High Temperature parametric insurance coverage and protect your clients’ businesses from the increasing risks associated with hazardous heat events.
Arbol Insurance Services is a d/b/a of Climate Risk Insurance Solutions LLC. CA License #6006415. Some products may only be available in certain states. Arbol Insurance Services does not solicit from the public.