A 2% surcharge on property insurance policies, mandatory fees on the oil and gas industries, and holding a public referendum are ways a public-private group formed in the aftermath of Superstorm Sandy recommends to pay for projects to protect New …
The Insurance Council of Australia (ICA) welcomed the budget announcement from the state of Victoria of funding of A$517 million (US$401 million), which will be allocated across several bushfire risk reduction projects. However, the ICA emphasized that the projected growth …
Willis Towers Watson, the global advisory, broking and solutions company, announced the appointment of Tony Rooke as director of Climate Transition Risk in the organization’s Climate and Resilience Hub (CRH). With many government’s announcing net-zero carbon targets to align with …
The Insurance Development Forum (IDF), a public-private partnership led by the insurance industry and supported by international organizations, announced the launch of an insurance program for Peru’s public schools. The program is the result of a grant agreement between Germany’s …
Willis Towers Watson announced the appointment of Augusto Hidalgo as head of Capital, Science and Policy (CSP) in Southeast Asia. Based in Manila, Philippines, Hidalgo brings a wealth of knowledge, experience and expertise in developing public-private partnership solutions to climate …
Washington Insurance Commissioner Mike Kreidler’s proposal to prepare for and mitigate the effects of climate disasters was signed into law this week by Gov. Jay Inslee. Senate Bill 5106 passed through state Legislature without opposing votes. The law takes effect …
Washington Insurance Commissioner Mike Kreidler’s proposal to prepare for and mitigate the effects of climate disasters passed the state Senate this week on a unanimous vote. Senate Bill 5106 would create a work group composed of legislators, state agencies, insurance …
Zurich Insurance Group announced that after five successful years its flood resilience alliance will be extended until 2023. In the last five years, a multi-sector alliance comprising the non-governmental organization (NGO) sector, academia and Zurich’s risk management experts has focused …
Willis Towers Watson, the London-based advisory, broking and solutions company, has developed the Global Ecosystem Resilience Facility (GERF), which it describes as the first global insurance facility to provide finance and risk management solutions to build the resilience of ecosystems …
FM Global has expanded its Global Resilience Index to include insights around three of the top risks facing businesses: cyber attack, natural hazards and supply chain failure. The interactive, online index ranks 130 countries and territories by their enterprise resilience …
