Climate-related business interruption claims are accelerating faster than most realize. Over the past decade, litigation linked to climate perils—excluding hurricanes—has surged beyond 100%. Think about it: floods, droughts, wildfires, extreme temps. These aren't just environmental headlines anymore. Companies are taking heavy hits. Supply chains fracture. Operations halt. Insurance payouts spike. And here's where it gets interesting for markets: this trend compounds systemic risk. Rising litigation costs get priced into corporate valuations. Asset managers are quietly recalibrating risk models. The macro picture? Climate becomes another layer of volatility that trickles into portfolios—whether you're holding equities, commodities, or stablecoins tied to traditional assets. The decade ahead could reshape how we think about tail risks and diversification strategies.