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...
Europe’s Re/Insurers Cut Coal Investments by $20B; U.S. Firms Fail to Act: Report November 16, 2017 Insurers have pulled $20 billion out of coal investments, but most are European and none of the top nine U.S....
Bank of England Governor Warns Investors Failing to Consider Climate Risks June 30, 2017 By Jessica Shankleman and Francine Lacqua Bank of England Governor Mark Carney said he’s concerned investors aren’t doing enough to assess threats that global warming will...
G20 Task Force Develops Climate-Related Financial Disclosure Framework Supported by Insurers June 29, 2017 By Nina Chestney A global task force set up by the G20 has developed a voluntary framework for companies to disclose the financial...
Companies May Soon Be Required to Disclose Financial Impact of Climate Risk May 24, 2017 By Nina Chestney Companies’ disclosure of risks to their business from climate change could become mandatory in a few years as investor pressure...
Climate Change Will Raise the Cost of Canada’s Natural Disasters: Insurers May 19, 2016 By David Ljunggren Canada will have to set aside more money to deal with natural disasters like wildfires, storms and floods as climate...
Institutional Investors Ignore Climate Risks Despite Bank of England Warning May 2, 2016 By Jessica Shankleman The number big investors ignoring climate change risk increased last year despite a stark warning from Bank of England Governor...
EU Contributes $15.8M to Caribbean Catastrophe Risk Insurance Facility April 18, 2016 The European Commission has agreed to contribute €14 million ($15.8 million) so the governments of Central American countries and the...
The Nature Conservancy Looks to Address South Florida Climate, Catastrophe Risks April 11, 2016 The Nature Conservancy has announced plans to work with catastrophe risk modeling firm RMS, as well as with the Global...
Supply Chains Thwart Climate Risk Management for 75 Major Companies: Report January 26, 2016 By Jessica Shankleman Goldman Sachs Group Inc., Coca-Cola Co. and 73 other companies that together buy more than $2 trillion of goods and...