Climate Control News

Insurance Pros: What Are Your Thoughts on Climate Change?

President Barack Obama and potential presidential candidate Jeb Bush declared a war of words within the war on climate change this week. The two diametrically opposed politicians’ verbal clash in the media may be a portentous glimpse at one of …

Weather Derivatives Backed By Climate Change Clamor

According to William W. Windle, managing director of Munich Re Trading LLC, business has been brisk lately in the weather derivatives market. There are many reasons for this, and while Windle may wince at any suggestion that the current weather …

Earth Day, Climate Change and Drought

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 …

How Another Country’s Insurance Industry Is Facing Climate Change

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 …

U.S. Dominates Climate Change Litigation

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 …

Climate Change Modeling on Cusp of Paradigm Shift

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 …

Climate Change Regulations for Insurers Not Out of Realm of Possibility

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 …

Deloitte Insurance Report Keys in on Climate Change

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 …

Global Risk Investment May R!SE With U.N., Willis-Backed Initiative

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 …

Climate Change in 2015 Could be Bigger Than Religion – or Selfie

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 …