Bank of England’s Carney Warns Investors to Get Serious About Climate Change February 27, 2020 By Alastair Marsh and Jill Ward In a world facing a climate crisis, investors need to start taking account of carbon emissions and rising temperatures in...
Financial Services Firms Risk $1 Trillion in Losses from Climate Change: Report February 24, 2020 By Iain Withers The world’s financial services sector risks losses of up to $1 trillion if it fails to respond quickly to climate...
Australia’s Central Bank Chief Warns of Economic, Financial Effects of Climate Change February 14, 2020 By Michael Heath Australia’s central bank chief Philip Lowe warned of wide-ranging economic and financial impacts from climate change, after his drought-stricken nation...
Most UK Insurers, Banks Unprepared for Risks of Climate Change January 31, 2020 By Alastair Marsh The Bank of England faces an uphill climb to get the finance industry ready for one of its biggest threats:...
Australia’s Capital, Canberra, Faces Worst Bushfire Threat in 17 Years January 29, 2020 By Jason Scott Canberra, Australia’s capital that’s surrounded by bush, is facing its worst wildfire threat in 17 years as a blaze sparked...
Australian Insurers Should Be Able to Withstand Mounting Bushfire Claims: AM Best January 27, 2020 Australian insurers are well-capitalized and should be able to withstand losses from the 2019/2020 bushfire season, aided by strong capital...
As Insurers Pull Back from Australia’s Bushfire Zones, They Could Become Uninhabitable January 24, 2020 By Matthew Burgess Australian wildfires that have razed thousands of homes and blackened an area about the size of England may also create...
Bushfire-Ravaged Australians Face Choice in Era of Climate Change: Rebuild or Leave? January 23, 2020 By Sybilla Gross and Emily Cadman It took two years for Nigel Allison to build his mud-brick house on a sleepy southeastern tip of Australia, and...
Australia Begins Clean Up From Bushfires with Insurance Claims Continuing to Rise January 21, 2020 By Rebecca Jones The New South Wales and Victorian state governments will coordinate the clean-up of insured and uninsured residential and commercial properties...
Financial Services CEOs in Davos Complain They Can’t Save Planet Without Clients’ Help January 21, 2020 By Viren Vaghela As the financial industry comes under pressure to avoid funding dirty energy, the heads of Citigroup Inc. and Zurich Insurance...