Climate Change News

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 …

Climate Records Keep Shattering with Hottest April in 12th Record-Setting Month

The number of climate records broken in the last few years is stunning. But here’s a new measure of misery: Not only did we just experience the hottest April in 137 years of record keeping, but it was the 12th …

Climate Change Will Raise the Cost of Canada’s Natural Disasters: Insurers

Canada will have to set aside more money to deal with natural disasters like wildfires, storms and floods as climate change starts to bite, the head of the country’s property insurance industry group said on Wednesday. A wildfire sweeping through the heavily …

RMS Says $77B in San Francisco Property at Risk from Sea Level Rise by 2100

An analysis by catastrophe risk management firm RMS of economic risk to San Francisco’s property from future sea level rise found billions of dollars worth of property at risk. The analysis was used to inform the city’s recently released Sea Level …

Report Says Climate Change Could Make Some Wines Less Tasty

When you go to one of those giant annual insurance conferences ever wonder how much wine – in terms of gallons, number of glasses, bottles, dollar value – is consumed at all the evening mixers and up-scale soirees over the …