Climate Change Boosted Cost of Japan’s Typhoon Hagibis by $4B: Study May 19, 2022 By Aaron Clark The effects of human-caused climate change were responsible for roughly $4 billion of the $10 billion in insured losses resulting...
Climate Change Is Hurting Insurance Industry: Report May 17, 2022 Climate change is hurting the insurance industry and only 8% of insurers are preparing adequately for its impact, consultants Capgemini...
Climate Change Exacerbated Deadly Floods in South Africa: Study May 16, 2022 By Antony Sguazzin and Khuleko Siwele South Africa’s deadliest floods in almost three decades was exacerbated by climate change and similarly heavy rainfall can be expected...
AXA to Join €1B Regenerative Agriculture Fund to Help Mitigate Climate Change May 13, 2022 Insurer AXA and consumer goods group Unilever plan to invest 100 million euros each into a new 1 billion euro...
Russia’s War With Ukraine Must Not Derail Climate Action: Envoys Warn May 12, 2022 By Simon Jessop and Kate Abnett The world needs to speed up decarbonization and not let a focus on energy security in the wake of Russia’s...
Extreme Weather Threatens Global Wheat Crops – With One Notable Exception May 12, 2022 By Megan Durisin, Kim Chipman, Jen Skerritt and James Poole As Russia’s invasion chokes off Ukrainian wheat exports, pushing up bread and noodle prices, the global harvest faces an added...
Lloyd’s of London AGM to Go Virtual on Threat of Climate Protests May 11, 2022 Commercial insurance market Lloyd’s of London is encouraging members of its 100-odd syndicates to attend its annual general meeting next...
Insurer Aviva Urges UK Government to Detail How It Will Reach Net Zero Emissions May 6, 2022 By Alastair Marsh The British government should practice what it preaches on net-zero emissions, according to insurer Aviva Plc and conservation group WWF....
Financial Services Firms Face Losses of $225B From Variety of Water Risks: Report May 5, 2022 By Simon Jessop and Tommy Wilkes Financial institutions face losses of at least $225 billion from risks related to water, with a third of them doing...
Allianz Plans to Take Harder Line on Insuring Fossil Fuel Industry to Meet Climate Goals May 3, 2022 By Simon Jessop and Carolyn Cohn Europe’s biggest insurer Allianz plans to take a harder line on insuring the oil and gas industry as part of...