Climate Change News

Institutional Investors Ignore Climate Risks Despite Bank of England Warning

The number big investors ignoring climate change risk increased last year despite a stark warning from Bank of England Governor Mark Carney about the potential for “huge” losses from a sudden shift in regulation designed to curb global warming and …

Climate Change and The Conservative Republican

If you’re a conservative Republican, there’s a decent chance that you believe in climate change. Compared with two years ago that is. Don’t tell this to Rush Limbaugh or presidential hopeful Donald Trump. Although he seems to have warmed a …

Connecticut Gov. Signs Order Strengthening State Building Code

Connecticut Gov. Dannel Malloy announced that, as Connecticut faces more frequent and severe weather events as a result of global warming, he is directing state agencies to develop new building code standards that will better protect residential and commercial structures …

Colorado State Hurricane Forecaster Gray Passes Away

He changed the way the world looks at hurricanes, and in later years he challenged the science behind climate change, but most people will probably remember Bill Gray as the creator of the modern seasonal forecast for Atlantic storms. Gray …

EU Contributes $15.8M to Caribbean Catastrophe Risk Insurance Facility

The European Commission has agreed to contribute €14 million ($15.8 million) so the governments of Central American countries and the Dominican Republic can access to “low cost, high quality catastrophe risk insurance.” The agreement will be executed by the World …

In Texas Court, Exxon Files to Block Climate-Change Document Subpoena

Exxon Mobil Corp. is squaring off against government investigators who believe the energy giant covered up knowledge of how fossil fuels contribute to climate change. Exxon went to state court this week in Texas to quash a subpoena issued last …

Few Small Businesses Feel the Need to Prepare for Climate Change

Constant reminders in the media over threats of rising sea levels, more frequent storms, or the promise of blistering droughts along with water scarcity still won’t get people to prepare for the anticipated effects of climate change. Getting people to …

RIMS 2016: Sea Level Rise Will Be Worse and Come Sooner

Think sea level rise will be moderate and something we can all plan for? Think again. Sea levels could rise by much more than originally anticipated, and much faster, according to new data being collected by scientists studying the melting …

Climate Change Easy Bet to Be Hot Topic at Insurance Regulators’ Meeting

Mark down the Climate Change and Global Warming Working Group as the odds-on favorite committee to produce the most interesting chatter during the National Association of Insurance Commissioners meeting next week in The Big Easy. Climate change buzz has continued …

How Will Paris Agreement Change The Insurance Industry?

The sweeping agreement to reduce carbon emissions and battle climate change hammered out by world leaders last year could be greatly transformative for the insurance and reinsurance industry, according to industry experts who have read and thoroughly analyzed the document. …