Earth experiencing extreme high temperatures and a thermometer showing high temperatures Insurers are rethinking risk models for extreme heat. (Credit: AddMeshCube / AdobeStock)

With record temperatures impacting much of the U.S. this summer, insurance carriers are rethinking risks associated with extreme heat.

On Sun., July 21, 2024, the planet posted its hottest overall day on record, according to the European Union's Copernicus Climate Change Service. The daily global average temperature reached an all-time high of 17.15 degrees Celsius, surpassing the previous record of 17.09 degrees Celsius set the day before on July 20, 2024, the data showed.

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Joe Toppe

Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.