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Crop Insurance Payouts Rise as Climate Change Worsens Droughts, Floods

Jan 27 2022 // Insurance payments to U.S. farmers for crops lost to droughts and flooding have risen more than threefold over the past 25 years, according to an analysis of federal data by the Environmental Working Group (EWG) released...

Climate Risk Is Top London Market Challenge, IUA Survey Shows

Jan 27 2022 // The top challenge currently facing London market insurance companies is climate risk, a new survey by the International Underwriting Association (IUA) has revealed. In a survey of its members, the organization recorded 27%...

Nearly 8-in-10 Executives Believe World Is at ‘Climate Change Tipping Point’

Jan 20 2022 // Two-thirds of executives say their companies are “very concerned” about climate change, and 79% believe the world is at “a climate change tipping point,” according to the recently released Deloitte...

California Budget Aims to Tackle Climate Change, Wildfires, Crime

Jan 12 2022 // California Gov. Gavin Newsom proposed a $286.4 billion budget that sets off months of budget talks with his fellow Democrats, who control the state Legislature, before the new fiscal year begins July 1. Newsom focused much...

Natural Disasters Cost Insurers $120B in 2021. Munich Re Points to Climate Change Link.

Jan 10 2022 // Natural disasters across the globe caused economic losses of US$280 billion in 2021, of which roughly US$120 billion were insured, according to a report from Munich Re, which noted that U.S. natural catastrophes...

2021 Ranked as Fifth Hottest Year by EU Climate Change Service

Jan 5 2022 // The year 2021 ended as the fifth hottest in records maintained by the European Union’s Copernicus Climate Change Service that go back to 1979. That finding comes from publicly available data analyzed by Zeke...

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