Hillary Clinton Calls for Reform of Insurance Sector at COP28 Climate Talks December 4, 2023 By Elizabeth Piper and Valerie Volcovici Former U.S. Secretary of State Hillary Clinton called on Sunday for reform of the insurance sector, where companies are increasingly...
Climate Finance Takes Center Stage at COP28 Climate Talks December 4, 2023 By Simon Jessop, Maha El Dahan and Hadeel Al Sayegh Money pledges grabbed the spotlight again at COP28 in Dubai on Monday as delegates turned their focus to the yawning...
Insurance, Cat Bonds Can Help Boost Poorer Countries’ Resilience to Climate Risks December 1, 2023 By Alessandro Parodi, Simon Jessop and Libby George Low-income countries are struggling to access insurance, catastrophe bonds and other hedging mechanisms that could help protect them from the...
Nigeria’s Worst Flood in Decade Caused Billions in Economic Damage December 1, 2023 By Ruth Olurounbi Nigerian floods last year that claimed hundreds of lives also caused up to $9 billion in damage, according to a...
UN Report Warns of ‘Silent’ Threat of Drought as Planet Warms December 1, 2023 By Sana Pashankar While wildfires, severe storms and floods cause short-term impacts that often grab the world’s attention, a drought that stretches over...
Study: Federal Payouts Bolstered Flood Policy Uptake, Insured Value December 1, 2023 By Don Jergler The availability of a federal flood payout in a county in a given year increased the number of flood insurance...
World to Hit 2.5F of Warming During 2023 as Hottest Year on Record November 30, 2023 By Gloria Dickie With a month to run, 2023 will reach global warming of about 1.4 degrees Celsius (2.5 Fahrenheit) above preindustrial levels,...
Allianz and Dutch Development Bank Back $1.1 Billion Sustainable Loans Fund November 28, 2023 By Tommy Wilkes and Simon Jessop Allianz Global Investors and Dutch development bank FMO have agreed one of the largest “blended finance” funds on record, raising...
Biden’s Clean Energy Agenda Faces Mounting Headwinds November 27, 2023 By Nichola Groom and Jarrett Renshaw Canceled offshore wind projects, imperiled solar factories, fading demand for electric vehicles. A year after passage of the largest climate...
Many Australians Abandon Insurance as Premiums Surge on Climate Costs: ICA Head November 27, 2023 By Ben Westcott Increasing numbers of Australians are abandoning their insurance policies as premiums surge in response to climate-linked natural disasters, the head...