Zurich Insurance Decides Not to Renew Cover for Canada’s Trans Mountain Oil Pipeline July 23, 2020 Insurer Zurich has decided not to renew cover for the Canadian government’s Trans Mountain oil pipeline, said a spokeswoman for...
Inconsistent Data Hinders Climate Risk Comparisons for Insurers, Banks: Regulator July 22, 2020 By Huw Jones Comparing how banks and insurers from different countries cope with climate change is being hampered by a lack of consistent...
Zurich NA Sustainability Head: Pandemic is a Roadmap for Climate Change Battle July 16, 2020 By Don Jergler Ben Harper picked an interesting time to start his new job as head of corporate sustainability for Zurich North America....
Russia Requires Firms to Develop Financial/Insurance Contingency Plans for Oil Spills July 14, 2020 President Vladimir Putin on Monday signed legislation requiring companies involved in oil production or handling other hydrocarbons to have adequate...
Russia’s Nornickel Denies Allegations of Cover-Up over Arctic Oil Spill July 13, 2020 By Andrew Osborn and Tom Balmforth Pressure is mounting on Russian mining company Norilsk Nickel over an Arctic oil spill that has wiped about 17% off...
Arctic Temperatures Soar to Record Levels in June, Stoking Wildfires: EU Data July 7, 2020 By Emma Farge and Vladimir Soldatkin GENEVA/MOSCOW – Temperatures in Arctic Siberia soared to a record average for June amid a heat wave that is stoking...
Russian Regulator Seeks $2B in Damages from Nornickel for Arctic Fuel Spill July 7, 2020 Russia’s environmental watchdog has asked a power subsidiary of Russian mining giant Norilsk Nickel (Nornickel) to pay almost 148 billion...
Congressional Action Plan on Climate Change Applauded by Zurich, IBHS July 2, 2020 By Don Jergler A Congressional action plan for a clean energy economy is garnering a bit of praise from a few important names...
UK Insurers, Banks Must Be Ready to Manage Climate Risks by End of 2021: BoE July 1, 2020 By Huw Jones Banks and insurers in Britain must implement by the end of 2021 plans they have drawn up to deal with...
Bank of England Tells Insurers, Banks to Continue Analyses of Impact of Climate Risk June 29, 2020 By Huw Jones The Bank of England (BoE) has told banks and insurers to press ahead with analyzing the impact of climate change...