Insurance Journal » Climate Change http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Mon, 27 Apr 2015 01:18:27 +0000 en-US hourly 1 http://wordpress.org/?v=4.1.2 Connecticut Governor Creates Climate Change Panel http://www.insurancejournal.com/news/east/2015/04/24/365536.htm Fri, 24 Apr 2015 05:21:55 +0000 http://www.insurancejournal.com/?p=365536 Connecticut Gov. Dannel P. Malloy is creating a new council to make sure the state of Connecticut meets its goals to reduce greenhouse gas emissions by 2050. Marking Earth Day on April 22, Malloy said Connecticut has already reduced emissions …

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Earth Day, Climate Change and Drought http://www.insurancejournal.com/news/national/2015/04/23/365514.htm Thu, 23 Apr 2015 23:18:32 +0000 http://www.insurancejournal.com/?p=365514 As much of the U.S. and the rest of the planet celebrated Earth Day, California politicos and leaders squabbled over how best to deal with the ongoing drought – which may or may not be caused by climate change, depending …

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CEOs of 43 Companies, Including Allianz, Call for Action on Climate Change http://www.insurancejournal.com/news/international/2015/04/17/364818.htm Fri, 17 Apr 2015 10:54:03 +0000 http://www.insurancejournal.com/?p=364818 The bosses of 43 companies including Ikea, Dow Chemical Co. and HSBC Holdings plc called for swift action on climate change, a sign businesses are prepared for a United Nations deal this year on limiting fossil fuel emissions. The chief …

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Floods & Drought Amid Climate Change Cost Global Economy Billions: Oxford http://www.insurancejournal.com/news/international/2015/04/14/364192.htm Tue, 14 Apr 2015 10:50:13 +0000 http://www.insurancejournal.com/?p=364192 A new report on water insecurity says floods and drought amid climate change and a lack of investment in reliable water supplies is weighing on the global economy by tens of billions of dollars a year. “Water is productive and …

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How Another Country’s Insurance Industry Is Facing Climate Change http://www.insurancejournal.com/news/national/2015/04/09/363908.htm Thu, 09 Apr 2015 23:15:06 +0000 http://www.insurancejournal.com/?p=363908 Tim Grafton, chief executive of the Insurance Council of New Zealand, lives in a country surrounded by risk on all sides, and he’s unabashed in his efforts to use flooding events, frequent storms or other out-of-the-usual weather phenomenon as opportunities to …

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Earth’s Surface Rising in North America, Europe: After-Effect of Ice Age http://www.insurancejournal.com/news/international/2015/03/27/362321.htm Fri, 27 Mar 2015 09:06:05 +0000 http://www.insurancejournal.com/?p=362321 In the U.S., this past year has had more than enough reminders of how weather can affect our lives. California is heading into its fourth year of drought because it didn’t get enough snow. Boston is just emerging from a …

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China Faces Severe Threats From Climate Change: Beijing-Based Meteorologist http://www.insurancejournal.com/news/international/2015/03/25/362028.htm Wed, 25 Mar 2015 10:06:57 +0000 http://www.insurancejournal.com/?p=362028 Chinese officials don’t usually go into detail on the challenges that climate change poses for the world’s most populous and largest carbon-emitting country. But in a speech on March 23, a top meteorologist warned of the severe risks facing China, …

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Arctic Melt Creates Weakest Gulf Stream in 1,000 Years, Weather Shifts Expected http://www.insurancejournal.com/news/international/2015/03/24/361826.htm Tue, 24 Mar 2015 08:59:31 +0000 http://www.insurancejournal.com/?p=361826 Gulf Stream water currents in the Atlantic Ocean have slowed to the weakest in as long as 1,000 years, threatening shifts in U.S. and European weather, as well as coastal sea levels including in New York and Boston. The currents …

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Industry Expertise, Data, Capital Can Help Reduce Global Disaster Risks: Interview http://www.insurancejournal.com/news/international/2015/03/17/360786.htm Tue, 17 Mar 2015 10:27:27 +0000 http://www.insurancejournal.com/?p=360786 Margareta Wahlström, the UN Secretary General’s special representative for disaster risk reduction, and Rowan Douglas, Willis CEO for capital, science and policy practice, have been hard at work preparing for a series of conferences and meetings dedicated to integrating the …

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Stable Emissions Show Growth & Mitigation Possible: World Bank Envoy http://www.insurancejournal.com/news/international/2015/03/16/360561.htm Mon, 16 Mar 2015 08:43:40 +0000 http://www.insurancejournal.com/?p=360561 A report showing that global emissions were unchanged last year shows economic growth is possible amid the fight against climate change, a World Bank official said. Carbon-dioxide emissions were stable at 32.3 billion metric tons, even as the global economy …

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U.S. Dominates Climate Change Litigation http://www.insurancejournal.com/news/national/2015/03/12/360370.htm Thu, 12 Mar 2015 23:45:02 +0000 http://www.insurancejournal.com/?p=360370 It’s almost counterintuitive if you think about it. There is far more litigation related to climate change in the U.S. compared with Europe, which is usually considered more progressive on the issue. For an example of how climate change can …

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Group Requests Investigation Into Whether Florida Banned Climate-Change Terms http://www.insurancejournal.com/news/southeast/2015/03/12/360223.htm Thu, 12 Mar 2015 05:04:56 +0000 http://www.insurancejournal.com/?p=360223 Did Florida Gov. Rick Scott’s administration ban state environmental scientists from using the terms “climate change” and “global warming” in their work? Scott says no, but some former employees say supervisors forbade them from using the terms – a striking …

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Report: Florida Officials Banned From Saying ‘Climate Change’, ‘Global Warming’ http://www.insurancejournal.com/news/southeast/2015/03/10/359998.htm Tue, 10 Mar 2015 16:44:23 +0000 http://www.insurancejournal.com/?p=359998 Florida’s government may have figured out a way to beat climate change: ignore it. A report by the Florida Center for Investigative Reporting (FCIR) published Sunday details the claims by employees of the Florida Department of Environmental Protection, who say that they …

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India Tops List of Countries at Risk From River Flooding, Analysis Shows http://www.insurancejournal.com/news/international/2015/03/05/359484.htm Thu, 05 Mar 2015 09:48:52 +0000 http://www.insurancejournal.com/?p=359484 Gross domestic product at risk of flooding in India, the world’s second-most populous nation, may surge 10-fold by 2030 as cities expand and climate challenges worsen, according to the World Resources Institute. A new online global flood-analyzing tool developed by …

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Climate Change Modeling on Cusp of Paradigm Shift http://www.insurancejournal.com/news/national/2015/02/26/358760.htm Thu, 26 Feb 2015 20:58:27 +0000 http://www.insurancejournal.com/?p=358760 In the face of growing interest in climate change impacts, several big catastrophe modelers said they’ve heard from more clients interested in receiving climate-related data and they believe the field is on the cusp of a change in the way …

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Climate Change Measure Advanced in Oregon Senate http://www.insurancejournal.com/news/west/2015/02/20/358165.htm Fri, 20 Feb 2015 16:16:09 +0000 http://www.insurancejournal.com/?p=358165 The Oregon Senate this week passed a climate change bill that was one of Gov. John Kitzhaber’s top legislative priorities. The approval in a 17-13 vote sent the measure to the state House. The bill would extend Oregon’s low-carbon fuel standard, …

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Global Climate Deal Blueprint Emerges From UN Gathering in Geneva http://www.insurancejournal.com/news/international/2015/02/13/357409.htm Fri, 13 Feb 2015 16:00:23 +0000 http://www.insurancejournal.com/?p=357409 Envoys from some 190 nations are taking more seriously the idea of setting a goal for phasing out the pollution from fossil fuels, lending support to the movement against investments in oil and coal companies. After a week of discussions …

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Climate Change Regulations for Insurers Not Out of Realm of Possibility http://www.insurancejournal.com/news/national/2015/02/12/357363.htm Thu, 12 Feb 2015 21:53:25 +0000 http://www.insurancejournal.com/?p=357363 Some sort of climate change regulation for the insurance industry could be just around the corner. Then again, it might not be. It’s a tossup in the eyes of Don Reed, a managing director in PricewaterhouseCoopers’ U.S. sustainable business solutions …

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Climate Change Affecting Hawaii Island Storms, Researchers Say http://www.insurancejournal.com/news/west/2015/02/10/357040.htm Tue, 10 Feb 2015 16:25:54 +0000 http://www.insurancejournal.com/?p=357040 Two university of Hawaii researchers say climate change is affecting rainfall on Hawaii Island. The researchers say heavy rainstorms are occurring more often on the Big Island. The Honolulu Star-Advertiser reported Ying Chen and Pao-Shin Chu reported their findings in …

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Deloitte Insurance Report Keys in on Climate Change http://www.insurancejournal.com/news/national/2015/01/29/355914.htm Thu, 29 Jan 2015 21:10:06 +0000 http://www.insurancejournal.com/?p=355914 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 …

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Insurance Pool May Unlock India-U.S. Atomic Trade http://www.insurancejournal.com/news/international/2015/01/26/355321.htm Mon, 26 Jan 2015 12:34:59 +0000 http://www.insurancejournal.com/?p=355321 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 …

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Obama’s Visit to India Ignites Nuclear Accident Liability Debate http://www.insurancejournal.com/news/international/2015/01/23/355041.htm Fri, 23 Jan 2015 13:20:47 +0000 http://www.insurancejournal.com/?p=355041 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 …

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Global Risk Investment May R!SE With U.N., Willis-Backed Initiative http://www.insurancejournal.com/news/national/2015/01/15/354221.htm Thu, 15 Jan 2015 21:45:55 +0000 http://www.insurancejournal.com/?p=354221 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 …

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Even Richer Nations Face Climate ‘Danger Zone,’ Scientists Say http://www.insurancejournal.com/news/international/2015/01/15/354207.htm Thu, 15 Jan 2015 19:26:34 +0000 http://www.insurancejournal.com/?p=354207 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 …

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Climate Change in 2015 Could be Bigger Than Religion – or Selfie http://www.insurancejournal.com/news/national/2014/12/31/351494.htm Wed, 31 Dec 2014 17:49:39 +0000 http://www.insurancejournal.com/?p=351494 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 …

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Top Firms’ Greenhouse Gas Emissions Rise, Despite Call for Cuts http://www.insurancejournal.com/news/international/2014/12/23/350950.htm Tue, 23 Dec 2014 09:15:32 +0000 http://www.insurancejournal.com/?p=350950 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 …

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Insurer Philadelphia Cos. Counts Carbon Footprint http://www.insurancejournal.com/news/national/2014/12/18/350644.htm Fri, 19 Dec 2014 00:56:28 +0000 http://www.insurancejournal.com/?p=350644 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 …

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California Super Storm Climate-Driven? Still Insufficient to Quell Drought http://www.insurancejournal.com/news/west/2014/12/12/349932.htm Fri, 12 Dec 2014 16:32:47 +0000 http://www.insurancejournal.com/?p=349932 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 …

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High Cost Hinders Progress of Carbon Capture As Climate-Change Fix http://www.insurancejournal.com/news/national/2014/12/09/349295.htm Tue, 09 Dec 2014 14:15:35 +0000 http://www.insurancejournal.com/?p=349295 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 …

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Climate Researchers Lower Global Warming Forecast on Plans to Cut Emissions http://www.insurancejournal.com/news/international/2014/12/08/349198.htm Mon, 08 Dec 2014 17:10:35 +0000 http://www.insurancejournal.com/?p=349198 Climate researchers lowered their forecast for global warming for the first time since 2009 after the greenhouse gas polluters agreed to limit their emissions over the next 15 years, a group of European academics said. Efforts by the U.S., European …

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