Zurich Exits Insurance Climate Alliance, Days After Munich Re April 6, 2023 By Alastair Marsh Zurich Insurance Group AG is leaving a coalition of major insurers that have committed to reach net-zero emissions, the second...
Companies That Form Global Climate Alliances Need Antitrust Guidance: Experts April 5, 2023 Global companies that form alliances to help them to tackle climate change need clear “safe harbor” guidelines from governments to...
Munich Re Exits Insurance Climate Group, Citing ‘Material’ Legal Risks April 3, 2023 By Laura Malsch and Alastair Marsh Munich Re is leaving an alliance of leading insurers that have committed to reduce emissions due to what it says...
UK’s Poor Climate Planning Risks ‘Cascading Failures’: Report March 29, 2023 By Olivia Rudgard Britain is “strikingly unprepared” for a changing climate and could face disruptions to energy, food supply, transport and communications infrastructure...
Climate Change to Cost Germany Up to €900B by 2050: Study March 7, 2023 Extreme weather caused by climate change could cost Germany up to 900 billion euros [$957.2 billion] in cumulative economic damage...
Global Insured Losses From Natural Disasters Topped $130B in 2022 in 5th Costliest Year January 26, 2023 Economic losses from natural disasters in 2022 were estimated at $313 billion, with an insurance price tag of approximately $132...
Bill Advances in New Mexico to Gird Against Climate Crises January 26, 2023 A legislative panel advanced a bill this week that would help local governments plan in advance for climate-related threats to...
Climate Is Forcing the Most Risk-Aware Industry to Reinvent Itself January 25, 2023 By Akshat Rathi When it comes to climate impacts, the frontline of the finance industry is insurance. Last year’s payout from damages caused...
Australia’s Extreme Weather Events to Worsen as Climate Warms: Report November 23, 2022 By Ainslie Chandler Australia will experience an increase in extreme heat, intense rainfall and coral-bleaching events, as well as longer fire seasons and...
African Insurers Pledge $14 Billion of Cover for Climate Disaster Risks November 9, 2022 By Virginia Furness and Simon Jessop A group of over 85 insurers in Africa has pledged to create a financing facility to provide $14 billion of...