Climate Change News

Deloitte Insurance Report Keys in on Climate Change

The potential impact of climate change on the insurance industry was important enough for consulting giant Deloitte Touche Tohmatsu Ltd. to include the topic as a significant part of its recent 2015 Property and Casualty Insurance Outlook. The bulk of …

Insurance Pool May Unlock India-U.S. Atomic Trade

Prime Minister Narendra Modi and U.S. President Barack Obama unveiled a plan centered on insurance on Sunday that they hope will convince U.S. companies to build nuclear power stations in India, but stopped short of demands to soften a liability law. With the 1984 Bhopal gas tragedy …

Obama’s Visit to India Ignites Nuclear Accident Liability Debate

It’s a $182 billion question for India with no easy answer. That’s the estimated amount the country plans to spend on nuclear power plants to meet Prime Minister Narendra Modi’s pledge to provide around-the-clock electricity, and end the nation’s blackout …

Global Risk Investment May R!SE With U.N., Willis-Backed Initiative

There is opportunity in climate change. That’s the frown-upside down view being taken by at least one large insurance broker under part of a global initiative to heighten the awareness of global risk and investing opportunities. Operating under the umbrella …

Even Richer Nations Face Climate ‘Danger Zone,’ Scientists Say

With prospects of containing global warming slipping away, a team of scientists urged policymakers to redouble their efforts to rein in pollution, saying human activity risks turning even rich nations into a “danger zone.” The researchers led by Stockholm University …

Climate Change in 2015 Could be Bigger Than Religion – or Selfie

The phrase “climate change” yields roughly 108 million results in a Google search – in the ballpark in terms of numbers of results with “Jesus Christ,” “Mohamed” and “selfie” – and you can expect the phrase to become an even …

Top Firms’ Greenhouse Gas Emissions Rise, Despite Call for Cuts

Greenhouse gas emissions by the world’s top 500 companies rose 3.1 percent from 2010 to 2013, far off the cuts urged by the United Nations to limit global warming, a study shows. The top 500 firms by capitalization accounted for 13.8 percent …

Insurer Philadelphia Cos. Counts Carbon Footprint

It’s no secret that many property/casualty insurers are tackling climate change on the back end through more sophisticated catastrophe modeling, calls for more resilient communities and pricing. But it seems to be a common misconception that the industry – like …

California Super Storm Climate-Driven? Still Insufficient to Quell Drought

A Pineapple Express “super storm” now lashing California may be driven by climate change, a report states. Yet however strong the storm and no matter what’s causing it, California’s ongoing storm would need to be replicated at least five more …

High Cost Hinders Progress of Carbon Capture As Climate-Change Fix

Scientists know only two credible ways to prevent temperatures from rising to dangerous levels: stop burning fossil fuels or capture and bury the carbon dioxide byproduct before it gets into the atmosphere. The second idea, known in the trade as …