Climate Change News

U.N. Climate Talks Fracture over Future of Carbon Markets

The use of carbon markets to curb rising greenhouse gas emissions was dealt a blow on Sunday after two weeks of United Nations talks on designing and reforming the mechanisms ended in deadlock. The negotiations, held as part of U.N. …

Swiss Re Affirms Priority of Risk Management; Updates Procedures

Swiss Re has published a report on the updates it has made in its Corporate Responsibility and Risk Framework applications. “Risk management is at the core what Swiss Re does and as a result, the company updated one of the …

Farmers Withdraws Climate Change Suit Against Municipalities

Farmers Insurance Group, which filed nine class actions in May against nearly 200 communities in the Chicago area, is withdrawing its lawsuit. The suit accused the Illinois municipalities of failing to prepare for severe rains and flooding. It argued that …

Changing Weather Patterns Mean an Uncertain Future and Increased Risks

In his discussion of the effects of climate change at the European insurance Forum in Dublin,  Prof. Richard Tol of the Economics Dept. of the University of Sussex, pointed out that even “after 40 years all climate models still aren’t …

Viewpoint: U.S. Can Learn from Florida Climate Change Response

Adapting to climate change is such a daunting task that it can be hard to know where, or how, to begin. Here’s one answer: in southeastern Florida, with yellow foam earplugs. The plugs are needed to keep out the din …

Lloyd’s U.S. Chief on Board with Climate Change

Despite risking offense to non-believers, Hank Watkins didn’t hesitate when he was asked if climate change was upon us. Watkins, president of Lloyd’s America, talked about an extensive report Lloyd’s of London just released, “Catastrophe Modeling and Climate Change.” “Everybody …

S&P Report Concludes Re/Insurers Have ‘Coped Well So Far’ with Climate Change

A report – “Are Insurers Prepared For The Extreme Weather Climate Change May Bring?” – from Standard & Poor’s notes that “whether or not a direct result of climate change, the number and frequency of extreme weather events have increased, …

‘Mega Trends’; Optimism at the EIF 2014 Conference; DIMA CEO Interview

Ireland has been through some difficult economic times, but this year’s European Insurance Forum, held at the Four Seasons Hotel on May 15 and 16, highlighted the progress that’s been made, and the bright prospects for the future, as well …

California Governor: Unprecedented Fire Season

Gov. Jerry Brown says the state is gearing up for California’s worst fire season ever. Brown told ABC’s “This Week” on Sunday that the nearly dozen fires in San Diego County that destroyed 11 homes and caused $20 million in …

In Connecticut, Sea Level Predictions Prompt New Awareness in Communities

In Connecticut, the global issue of climate change is being confronted locally. The Day of New London reports that in Old Saybrook, a municipal panel met for the first time last week to consider how to help the low-lying coastal …