2016
DOI: 10.1016/j.crm.2016.05.001
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Vulnerabilities to agricultural production shocks: An extreme, plausible scenario for assessment of risk for the insurance sector

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Cited by 41 publications
(29 citation statements)
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“…Even though many past climate-related natural disasters are best characterized as compound extreme events (Leonard et al, 2014), such events and their future change are relatively understudied (Field, 2012;Zscheischler et al, 2018). Recent work has made some advances in this area, including joint projections of temperature and humidity (Fischer & Knutti, 2013), storm surge associated with tropical cyclones combined with sea level rise to predict extremes of high water (Little et al, 2015), 10.1029/2018EF000989 extreme storm surge and precipitation events (Wahl et al, 2015), the possibility of disasters occurring in multiple bread baskets at once and affecting world food supply (Lunt et al, 2016), and clustered outbreaks of tornadoes (Tippett et al, 2016). In this paper we focus on temporally compound heat wave events, that is, multiple heat extremes occurring in sequence in a particular location with intermittent short breaks.…”
Section: Motivation and Goals Of This Studymentioning
confidence: 99%
“…Even though many past climate-related natural disasters are best characterized as compound extreme events (Leonard et al, 2014), such events and their future change are relatively understudied (Field, 2012;Zscheischler et al, 2018). Recent work has made some advances in this area, including joint projections of temperature and humidity (Fischer & Knutti, 2013), storm surge associated with tropical cyclones combined with sea level rise to predict extremes of high water (Little et al, 2015), 10.1029/2018EF000989 extreme storm surge and precipitation events (Wahl et al, 2015), the possibility of disasters occurring in multiple bread baskets at once and affecting world food supply (Lunt et al, 2016), and clustered outbreaks of tornadoes (Tippett et al, 2016). In this paper we focus on temporally compound heat wave events, that is, multiple heat extremes occurring in sequence in a particular location with intermittent short breaks.…”
Section: Motivation and Goals Of This Studymentioning
confidence: 99%
“…Research has started to focus on the impacts of multiple, interconnected adverse weather events on agricultural production and indirect effects on other industries due to supply chain disruptions and indirect losses such as the financial sector (Lunt et al, 2016;Maynard, 2015). However, more research and information about climate risk distributions and the connection of extreme weather events across the world is needed to estimate the likelihood of multiple breadbasket failures (Bailey and Benton, 2015;Schaffnit-Chatterjee et al, 2010).…”
Section: Introductionmentioning
confidence: 99%
“…Global insurance company Lloyd's of London released a peer-reviewed, industry approved 2015 study on the impacts of acute disruption to the global food supply [363]. Experts considered how weather-related events can disrupt the food supply, and can be exacerbated by additional political and economic risks in a chain-like reaction.…”
Section: Case Study: Calculating Food Systems Risksmentioning
confidence: 99%