Major Reinsurers Look to Exclude Coal from Treaty Policies, as Climate Pressure Grows June 17, 2021 By Carolyn Cohn and Simon Jessop Major reinsurers have already pulled back from providing bespoke cover for coal projects as part of efforts to meet global...
Major UK Asset Manager Divests from Insurer AIG over Climate Policies June 15, 2021 By Alastair Marsh Legal & General Investment Management will sell holdings in four companies including U.S insurer American International Group Inc. after deeming...
Keystone XL Oil Pipeline Is Terminated After Years of Climate Activism June 11, 2021 By Jennifer A. Dlouhy TC Energy Corp. has ended its 16-year quest to build the Keystone XL oil pipeline, a controversial cross-border project that...
Bank of England Launches Climate Change Stress Test for Insurers, Banks June 8, 2021 By Huw Jones The Bank of England on Tuesday set out its first comprehensive stress test of the ability of the British financial...
Willis Towers Watson Collaborates on Hurricane Insurance for Endangered Coral Reef June 4, 2021 Insurance broker Willis Tower Watson announced the launch of a multinational partnership to develop and implement insurance solutions that help...
U.S. Insurers Lag Euro Counterparts in Climate Rating Report June 3, 2021 By Don Jergler Legislation to provide farmers with tools to help New York efforts to mitigate the impacts of climate change is making...
World’s Largest Insurers ‘Failing’ to Address Climate Change, Biodiversity Loss June 3, 2021 By L.S. Howard Most of the world’s largest insurers are failing to adequately address systemic risks such as climate change and biodiversity loss,...
Climate Change Protesters Set Off Stink Bomb at Lloyd’s of London in Ongoing Activism June 2, 2021 By L.S. Howard Climate change protesters continued their focus on Lloyd’s as a major insurer of the fossil fuel industry by setting off...
Big Oil May Face More Climate Lawsuits After Shell Ruling, Say Lawyers, Activists May 28, 2021 By Shadia Nasralla and Tom Hals LONDON – A Dutch court’s decision to force Royal Dutch Shell to make deeper, faster cuts to its climate warming...
Rising Global Temperatures Move Closer to Climate Change Tipping Point: U.N. Report May 27, 2021 By Andrea Januta There is now a 40% chance that global temperatures will temporarily reach 1.5 degrees Celsius above pre-industrial levels in the...