Climate Change News

Insure Against Risk of Climate Catastrophe: Peter Orszag in Bloomberg View

“Go Set a Watchman” isn’t the only book this year that brings new perspective to an old story line. “Climate Shock: The Economic Consequences of a Hotter Planet” should shift our narrative on climate change. The old story line: People …

Report Sees Major Food Shortage as Climate Change Danger

Climate change reports and studies abound lately – as you will note from a previous column – but one recent report gives potentially the starkest prediction yet of what impacts climate change could have. The report from Lloyd’s of London, “Food …

Conn. Officials Incorporate Climate Change Projections Into Shoreline Projects

Thumping louder than the crashing surf and cawing gulls, the pile driver pounding into the earth beats a rumbling rhythm for the birdwatchers, beach walkers, bicyclists and sunbathers at Hammonasset Beach State Park’s West Beach in Madison, Connecticut, this summer. …

Spate of Climate Change Reports Ahead of Global Summit

Ahead of December’s big and much-talked about United Nations Climate Change Conference, COP21 or CMP11, it seems there’s been an information ramp up of sorts. I’m not just talking about Pope Francis’ crusade to call attention to climate change – he most recently said …

Reinsurance Industry Faces Uncertain Future as Time Moves On

It’s around two months until the annual Reinsurance Rendezvous in Monte Carlo, where the reinsurers, brokers, carriers, lawyers, accountants and cat modelers discuss the state of their industry. That industry, until recently a rock solid bastion of the “we do it …

Study: North Carolina’s Outer Banks Risk Losing $2B to Rising Seas

With scientists expecting the seas to rise about 3 feet over the next 100 to 150 years, a new study from the National Park Service says the two national seashores on North Carolina’s Outer Banks risk losing buildings and other …

U.S. Warns of Dire Consequences If No Global Action on Climate Change

Labor productivity would dwindle as workers wilt in the heat. Summers in Illinois would feel like a Louisiana swamp. Epic downpours and surging seas of the future would leave $5 trillion in losses. And worsening air quality would result in …

Public Comment Welcome as N.Y. Crafts Official Sea-Level Rise Projections

New York residents can sound off about the sea level. State environmental officials are holding four public meetings next week about projections of future sea levels. Rising sea levels have become a larger concern in New York City and Long …

Insurers Stepping Toward Greater Green Investment Footprint

This is the second of a two-part column on green bonds. The first installment focused on bond sales. Australian carrier QBE Insurance Group Ltd. has invested $190 million Australian Dollars ($148.42 million) in four green bonds in the last year-and-a-half, …

Shell: Insurers May Be Reluctant to Underwrite Carbon Capture Projects

Projects to capture carbon emissions from power plants and store them permanently underground face “large risk premiums” from insurers because the technology is so new, Royal Dutch Shell plc said. “Insurance will be able to address only part of the financial …