America's changing disaster risk hits energy

As the U.S. expands its energy infrastructure, severe thunderstorms are increasingly posing a significant threat, overshadowing the historically dominant hurricanes. This shift means new power plants and data centers are being built in areas at high risk for thunderstorms, which now account for nearly half of the global insured catastrophe risk. This development has major implications for both developers and insurers, who will need to adapt to these changing weather patterns and the financial risks they bring. The evolving disaster risk landscape is forcing a reevaluation of how to make the energy grid more resilient to severe weather.