State Regulators Need to Improve ‘Fragmented’ Efforts to Assess Insurers’ Climate Risks: FIO June 28, 2023 By Chad Hemenway The Federal Insurance Office (FIO) has released a new report analyzing climate-related issues and gaps in U.S. insurance supervision and...
EU Banks Expand Risk Models to Better Prepare for Climate-Change Fallout June 23, 2023 By Frances Schwartzkopff European banks are building out their risk models to better prepare for the fallout from climate change, with some even...
Norway’s $1.35 Trillion Wealth Fund: We Won’t Back Boards Who Fail on Climate February 13, 2023 By Victoria Klesty and Gwladys Fouche Norway’s $1.35 trillion wealth fund will step up its engagement with companies over their management of climate risk by voting...
U.S. Treasury Proposes Climate Data Collection Rule for P/C Insurers October 18, 2022 U.S. Treasury on Tuesday said it was proposing a new rule to collect data on climate-related risks from property and...
ECB to Limit Purchases of Longer-Term Debt Issued by Climate Laggards September 21, 2022 By Frances Schwartzkopff The European Central Bank will limit purchases of longer-term debt issued by companies that rank poorly under a new scoring...
Assets of World’s Largest Companies at Growing Risk of Climate Impact: S&P September 19, 2022 By Juliette Portala Over 90% of the world’s largest companies will have at least one asset highly exposed to the physical impacts of...
WTW Acquires Climate Risk Analytics Firm Butterwire July 12, 2022 Insurance broker WTW reported its acquisition of Butterwire, a provider of data analytics, artificial intelligence and machine learning platforms. Based...
ECB Climate Stress Test Highlights $71 Billion Risk for Euro Zone Banks July 8, 2022 By Francesco Canepa A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least...
UK Insurers Need to Consider Climate Change Risks: Accounting Watchdog June 15, 2022 By Leonard Kehnscherper The UK’s accounting watchdog is proposing new rules for insurance companies to make sure actuaries factor in climate change risk....
WTW Enhances Climate Diagnostic Tool to Assist Climate-Related Reporting June 13, 2022 Insurance broker WTW has enhanced the capability of its Climate Diagnostic tool, which was first launched in April 2021. In...