Latest Climate Change Headlines
All the headlines from our Climate Change Topic Page, ordered by recency.
Insurers Join Call for Climate Action at U.N. Summit
Sep 23 2019 // Insurers and pension funds managing $2.3 trillion pledged on Monday to shift their portfolios away from carbon-heavy industries in the hope of triggering snowballing climate commitments from other big investors. German...
Staying Profitable in an Increasingly Fragmented World: SCOR Global P&C CEO
Sep 23 2019 // There are several things that keep SCOR’s Jean-Paul Conoscente awake at night. Climate change is one of them; cyber risk is another. Only time will tell whether these risks are actually insurable, cautions...
Re/insurers Rethink Climate Change Risks as Losses Grow from Wildfires, Floods, Hail
Sep 20 2019 // By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay Valley had burnt both his tractor and the shipping container where he kept some tools. His insurer...
Oil Industry’s $50B in New Projects Conflict with Paris Climate Goals: Think Tank
Sep 16 2019 // Major oil companies have approved $50 billion of projects since last year that will not be economically viable if governments implement the Paris Agreement on climate change, think-tank Carbon Tracker said in a recent...
Climate Change Tops List of World’s ‘Extreme Risks’
Sep 12 2019 // Global temperature change, global trade collapse and cyber warfare are the top three “extreme risks” identified in a study from Willis Towers Watson. The new paper out this month is part of the firm’s...
Loss Creep Spells End to Soft Reinsurance Market: Guy Carpenter
Sep 10 2019 // Extended development from North American hurricane losses and losses from non-peak perils like California wildfires have finally jolted reinsurers out of a soft reinsurance market, according to a report from reinsurance...
Oil Industry’s $50 Billion in New Projects Conflict with Paris Climate Goals: Think Tank
Sep 6 2019 // Major oil companies have approved $50 billion of projects since last year that will not be economically viable if governments implement the Paris Agreement on climate change, think-tank Carbon Tracker said in a report...
Why Are Amazon Fires Potentially Sparking Global Climate Crisis?
Aug 26 2019 // A record number of fires ravaging the Amazon has drawn international outrage because of the rainforest’s importance to the global environment and prompted Brazilian President Jair Bolsonaro to dispatch the military...
Retreat as an Answer to Climate Change?
Aug 22 2019 // Think retreat is never an option? Think again. “Faced with global warming, rising sea levels, and the climate-related extremes they intensify, the question is no longer whether some communities will retreat—moving...
Germany’s Forests Damaged by Droughts and Wildfires, Stoking Climate Debate
Aug 12 2019 // Germany’s forests – long a source of pride and national identity – are feeling the heat. A second consecutive year of unusually dry and warm weather has left swaths of dead and dying trees, fueling fears that the...
Europe’s Heatwave Was Even Hotter with Impact of Climate Change: Research
Aug 6 2019 // Heat scorched Western Europe this July in what will likely be confirmed as the hottest month in recorded history, according to the UN’s World Meteorological Organization. “This is not your grandfather’s...
Extreme Heat May Hurt Farms, Agriculture Industry: Report
Aug 2 2019 // As many as nine states could see heat indexes above 100 degrees for more than a quarter of the year by 2036, according to a new report. The impact of climate change will push the number of days with heat indexes above 100...
UK Regulator Asks Insurers to Weigh Possible Business Impact of Climate Change
Aug 2 2019 // The Bank of England for the first time is asking British insurers to gauge how global warming might impact the value of the stocks and bonds they hold — and its potential to upend financial markets. The central bank,...
Sun Valley Climate Conference’s Broad Agenda: Wildfires, Military, Insurance, Resilience
Aug 1 2019 // Washington had a record 1,850 responses to wildfires on Department of Natural Resources lands last year. Over the last five years, wildfires have continued to hit the state hard. One state official, who believes climate...
Moody’s Acquisition Could Signal Shift in Pricing of Climate Risk: Viewpoint
Jul 31 2019 // The acquisition of California-based Four Twenty Seven, Inc., by Moody’s Corporation could signify the beginning of a major shift in how markets price risks related to climate change. Up until now, these risks largely...
Climate Change Blamed for Europe’s Latest Heatwave
Jul 26 2019 // Europe’s latest summer heatwave broke heat records just weeks after the continent had its hottest ever June, fueling concern that a shifting climate is triggering more extreme weather. Germany probably set a new...
Report: California Wildfires Will Get Worse, Blame Climate Change
Jul 18 2019 // Hot, dry weather in California has resulted in a dramatic increase in wildfires. It will get worse – and you can blame climate change, according to a new report out. The report, Observed impacts of anthropogenic climate...
French Utility EDF Prepares Its Nuclear Reactors for Climate Change
Jul 11 2019 // Electricite de France SA is preparing its nuclear power facilities to operate in more severe heatwaves in the coming decades as a changing climate may interfere with key electrical equipment. The utility, which produces...
Britain’s Green Finance Strategy Could Mandate Corporate Climate Risk Disclosure
Jul 2 2019 // British public companies and pension funds may have to publish by 2022 what risks their businesses face from climate change under a new so-called green finance strategy. Britain last week became the first G7 country to...
Zurich Commits to UN Climate Change Targets, to Using only Renewable Energy by 2022
Jul 1 2019 // Zurich Insurance Group announced it is accelerating actions to progress towards a low-carbon economy “amid an increasing climate crisis.” Its actions range from committing to UN targets for global temperature...
