Climate Change News

Climate Change Modeling is Closer than You Think

For the last few years you got a common response from catastrophe modelers who advise the property/casualty industry when asked about including the effects of climate change in modeling. It went something like: “The industry isn’t interested in what the weather …

House GOP Wants Democratic AGs’ Records on Climate Change Suit Against Exxon

Escalating a political fight over global warming, a Republican House chairman issued subpoenas this week to two Democratic state attorneys general, seeking records about their investigation into whether Exxon Mobil misled investors about man-made climate change. Texas Rep. Lamar Smith, …

Climate Change Exposes U.S. Infrastructure to Natural Hazards, Rand Corp. Says

Editor’s note: This is the first of a two-part column. A follow up column will focus on how catastrophe modelers are being asked to create products that take into account potential climate change impacts. A report out this week from …

California Governor Wants to Expand Efforts on Climate Change

California Gov. Jerry Brown has launched a campaign to extend some of the most ambitious climate-change programs in the country and ensure his environmental legacy when he leaves office in two years. The centerpiece of the push is a cap-and-trade …

Insurers, Banks & Pension Funds ‘Must Address’ Climate Risk Exposures

The world’s insurers, banks and pension funds are “inherently susceptible” to threats from climate change and must make adjustments, from shifting investment toward environmentally friendly industries to revamping strategies to reduce risk, said the Global Risk Institute. “Climate change is …

Brexit, Climate Change and Clean Air

What does the Brexit portend for all those collaborative efforts undertaken by the European Union to battle climate change? It’s a question a number of people were pondering – in Europe and in the U.S. – after last week when U.K. …

Pandemics and Climate Change Present Opportunity for Insurers

The shoe may eventually be placed on the other foot for the U.S. This nation has a long-standing tradition of innovating products and ideas – particularly insurance products – and then exporting them to other countries. Now the U.S. may …

Insurer Fossil Fuel Divestment Focus of Washington Climate Change Summit

Getting insurers to rid themselves of investments in fossil fuels, creating products to deal with climate change and helping the world better understand risk, were among the topics on Wednesday at a summit on the insurance industry and climate change. …

What University of Washington’s Climate Risk and Insurance Summit Has in Common with Paris

It may not be a climate change summit for the ages like last year’s Paris meeting in which world leaders hashed out a historic agreement to reduce carbon emissions, but it does have two things in common with the 2015 United …

Report Calls Out Insurers for Half-a-Trillion Dollars in ‘Dirty Energy’ Investments

Leading U.S. insurers have nearly half-a-trillion dollars invested the fossil fuel energy and the electric and gas utility sectors, according to a report out today that urges state insurance regulators and board members of these companies to help move them …