Currently in Los Angeles — December 5th, 2022

The weather, currently.

Cloudy skies kick off the week.

I’m not mad, I’m just disappointed. We were supposed to have so much more rain this weekend, but every time I was outdoors, the air was dry. Only muddy grass and little beads of water on parked cars suggested otherwise. There is a little more rain in the forecast for this week, but the chances are low, and I doin’t want to give you more false promises.

Monday’s going to feel like it should be a rainy day, but don’t count on any precipitation. Grey skies will filter out the sunshine, subduing highs to 60°F. You’ll need to wrap yourself in layers to stay warm. With humidity lingering in the air, low temperatures will stay within the 50s. With consistent temperatures and sky coverage, morning and afternoon light will bleed together, and only darkness will shift time.

—Renée Reizman

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.