Latest Climate Change Headlines
All the headlines from our Climate Change Topic Page, ordered by recency.
Scientists Call for Urgent Climate Change Action, Citing ‘Tipping Point’
Jul 29 2021 // The California Climate Insurance Working Group has released 40 state and local policy recommendations focused on reducing damage and improving recovery following a wildfire, extreme heat wave, or flood. The report...
Pennsylvania Joining National Survey on Climate Risk in the Insurance Industry
Jul 23 2021 // The Pennsylvania Insurance Department (PID) is joining with other states around the country in conducting the National Association of Insurance Commissioners’ (NAIC) Climate Risk Disclosure Survey. The survey allows...
Deadly Floods in China, Europe Send Stark Reminder of Climate Change Vulnerabilities
Jul 22 2021 // Deadly floods that have upended life in both China and Germany have sent a stark reminder that climate change is making weather more extreme across the globe. At least 25 people in the central Chinese province of Henan...
UK’s Aviva Calls for Urgent Action to Protect Homes, Businesses from Climate Change
Jul 21 2021 // British insurer Aviva called on Wednesday for urgent action from policymakers, developers and insurers to protect homes and businesses from the impact of climate change, saying most were ill-prepared to handle extreme...
U.S. Heatwave ‘Virtually Impossible’ Without Climate Change, Scientists Say
Jul 15 2021 // An international group of 27 climate scientists have concluded that the recent heat wave in the Pacific Northwest was “virtually impossible without human-caused climate change.” National Weather Service reports...
Howden Launches Climate Risk and Resilience Division
Jul 15 2021 // Howden, the London-based insurance group, announced the launch of a Climate Risk and Resilience division. Led by Charlie Langdale, the team will focus on risk transfer products that help to accelerate and de-risk the move...
Global Financial Regulators Seek Coordinated Response to Climate Change Risk
Jul 7 2021 // The world’s top financial regulators want to coordinate efforts to prepare for potential risks from climate change as authorities still lack common standards for assessing what could be one of the biggest threats...
Biden Calls Heat Wave a ‘Wake-Up Call’ on Climate Change, Commits to More Firefighters
Jul 2 2021 // The Biden administration said Wednesday it is hiring more federal firefighters — and immediately raising their pay — as officials ramp up response efforts in the face of a severe drought that is setting the stage for...
Japanese Insurers Struggle with Climate Change Cost Estimates
Jun 25 2021 // TOKYO – As the world tries to price the cost of climate change, Japan’s second largest non-life insurer MS&AD foresees the potential rise in claim payments in 2050 to be anywhere between 5% to 50% from current...
Explaining Climate Change and Financial Disclosure for Insurers
Jun 25 2021 // TOKYO – Japanese financial institutions are struggling to put a price tag on the cost of climate change, an effort made difficult by the long timeframe and a lack of data for making credible predictions. Non-life insurer...
Prince Charles Launches Partnership with Insurance Industry to Tackle Climate Change
Jun 24 2021 // His Royal Highness the Prince of Wales launched his Sustainable Markets Initiative (SMI) Insurance Task Force during a visit today at Lloyd’s. The SMI Insurance Task Force, convened by Prince Charles and chaired by...
Some House Republicans Eye Private Sector Plan to Address Climate Change
Jun 24 2021 // U.S. House Republicans aim to use private sector to tackle climate change WASHINGTON, June 23 (Reuters) – More than 50 Republicans in the U.S. House of Representatives on Wednesday formed a group to discuss how to...
UK Struggles to Adapt to Impact of Climate Change
Jun 18 2021 // The UK is struggling to put in place adequate measures to deal with rising sea levels and warmer temperatures caused by pollution, the government’s independent adviser on climate matters has warned. Average land...
Is a Climate Change-Driven ‘Megadrought’ Looming over Parts of U.S.?
Jun 17 2021 // The Western U.S. could be in for a wild ride thanks to climate change. That’s the brunt of the buzz in the news this week, as multiple media outlets gave heavy coverage to the severe drought and heatwave currently...
Bank of England Launches Climate Change Stress Test for Insurers, Banks
Jun 8 2021 // The Bank of England on Tuesday set out its first comprehensive stress test of the ability of the British financial system to cope with climate change, saying the results will not be used to determine capital requirements...
World’s Largest Insurers ‘Failing’ to Address Climate Change, Biodiversity Loss
Jun 3 2021 // Most of the world’s largest insurers are failing to adequately address systemic risks such as climate change and biodiversity loss, but a group of five U.S. insurers are some of those that rank the lowest, according...
Climate Change Protesters Set Off Stink Bomb at Lloyd’s of London in Ongoing Activism
Jun 2 2021 // Climate change protesters continued their focus on Lloyd’s as a major insurer of the fossil fuel industry by setting off a stink bomb in front of the market’s London headquarters. The activist group, Insurance...
From Heat Officers to Mobilization Directors, Specialists Help Cities With Climate Change
Jun 2 2021 // Tucson hired a forester. Miami named a heat officer. And Los Angeles appointed a climate emergency mobilization director. Across the United States, cities have launched new programs focused on dealing with extreme weather,...
Swiss Financial Watchdog Requires Insurers, Banks to Disclose Climate Change Risks
Jun 1 2021 // ZURICH – Large Swiss banks and insurance companies will have to provide qualitative and quantitative information about risks they face from climate change, Swiss financial watchdog FINMA said on Monday as it released an...
Rising Global Temperatures Move Closer to Climate Change Tipping Point: U.N. Report
May 27 2021 // There is now a 40% chance that global temperatures will temporarily reach 1.5 degrees Celsius above pre-industrial levels in the next five years — and these odds are rising, a U.N. report said on Wednesday. a U.N....
