EU Needs Trillions of Investments to Meet 2050 Climate Target: Research January 31, 2024 By Kate Abnett The European Union will need 1.5 trillion euros ($1.6 trillion) per year of investments to meet its 2050 net zero...
Climate Change Drives Amazon Rainforest’s Record Drought: Study January 26, 2024 By Jake Spring Climate change is the main culprit for a record drought in the Amazon rainforest that has drained rivers, killed endangered...
Reinsurance Market Likely to Begin Softening in 2025 as Capacity Rises in 2024: Fitch January 25, 2024 By L.S. Howard Reinsurers’ underwriting margins are expected to peak in 2024 on the significant price rises and tighter terms and conditions achieved...
After $70 Billion Hit, Insurers Wake Up to Growing Risks of Severe Convective Storms January 25, 2024 By Gautam Naik The insurance industry is grappling with a new kind of weather risk that’s increasingly driving its biggest loss category. While...
Red Sea Turmoil Sends Economic Shockwaves Across the Globe January 24, 2024 By Enda Curran, Jana Randow and Alex Longley Two months of missile, drone and hijacking attacks against civilian ships in the Red Sea have caused the biggest diversion...
Electric Vehicles Cost Twice as Much to Insure as Fuel-Burning Cars in UK January 24, 2024 By Jamie Nimmo British drivers have to fork out twice as much to insure electric vehicles as they do for combustion-engine models, adding...
Natural Disaster Protection Gap Returned to ‘Average Levels’ in 2023 January 24, 2024 Global insured losses from natural catastrophes totaled $118 billion in 2023, according to Aon’s annual Climate and Catastrophe Insight report....
Reinsurers’ Casualty Appetites Varied, but Capacity Was ‘Ample’ During 1/1 Renewals January 19, 2024 By L.S. Howard Reinsurers had varied appetites for casualty reinsurance during the January 2024 renewals; while capacity was sufficient, they still maintained underwriting...
Melting Greenland Has Lost 1 Trillion Tons More Ice Than Previously Thought January 19, 2024 By Danielle Bochove The Greenland ice sheet, an expanse of frozen water about three times the size of Texas, is disappearing much faster...
Near Record Jump in CO2 Emissions This Year Risks Climate Goal January 19, 2024 By Jessica Shankleman Carbon dioxide emissions are on track for one of the biggest increases on record this year, pushing the planet closer...