Investors Betting Against U.S. Mortgage Market Are Banking on Mispriced Flood Risk October 3, 2019 By Kate Duguid David Burt helped two of the protagonists of Michael Lewis’ book The Big Short bet against the U.S. mortgage market...
Moody’s Acquisition Could Signal Shift in Pricing of Climate Risk: Viewpoint July 31, 2019 By Leonid Bershidsky, Bloomberg Opinion The acquisition of California-based Four Twenty Seven, Inc., by Moody’s Corporation could signify the beginning of a major shift in...
UK’s Legal & General Is Divesting Exxon Shares Over Climate Change June 24, 2019 By Kelly Gilblom and William Mathis One of Britain’s biggest fund managers started selling shares in Exxon Mobil Corp., saying America’s largest oil company isn’t doing...
Dutch Insurer Weighs Cutting Cover for Gambling, Arms, Nuclear Power June 24, 2019 By Ruben Munsterman and Will Hadfield Europe’s biggest insurers refuse to sell policies to coal miners and arms producers. A Dutch firm may go further by...
Washington D.C. Plans to Confront Climate Change by Retrofitting Flood-Prone Buildings April 29, 2019 By Christopher Flavelle Washington is announcing a goal of retrofitting or removing all of its flood-prone buildings by 2050, the first major U.S....
Hannover Re Cuts Exposure to Coal-Based Risks, Limiting Investments, Underwriting April 22, 2019 Hannover Re announced it is scaling back its exposure to coal-fired power plants and coal mines, joining a growing list...
NYC Mayor Proposes $10B Plan to Flood-Proof Manhattan as Climate Risk Grows March 15, 2019 By Henry Goldman and Christopher Flavelle New York Mayor Bill de Blasio proposed a $10 billion plan to push out the lower Manhattan coastline as much...
How Nations Rank for Climate Risk Measures December 5, 2018 Denmark and Britain are the top countries when it comes to implementing measures to fight climate change, although Britain has...
Munich Re to Stop Investing in Coal-Related Business, Insuring New Coal-Fired Plants August 6, 2018 Munich Re, the world’s biggest reinsurer, will stop investing in bonds and shares of companies that generate more than 30...
Swiss Re No Longer Offers Re/Insurance to Firms with More Than 30% Coal Exposure July 3, 2018 Swiss Re announced it no longer is providing re/insurance to businesses with more than 30 percent exposure to thermal coal...