Leading Marine Re/Insurers Join Push to Decarbonize Global Shipping December 15, 2021 Leading companies in the marine insurance industry have joined an initiative linking their underwriting activities with the cutting of carbon...
From Wildfires to Floods, Climate Change Worsens Extreme Weather Across Globe December 13, 2021 By Lisa Shumaker and Andrea Januta Extreme weather events in 2021 shattered records around the globe. Hundreds died in storms and heatwaves. Farmers struggled with drought,...
Life Soon Will Get a Lot Harder for Companies That Fail ESG Tests: Top Stock Owner December 8, 2021 By Lars Erik Taraldsen The chief executive of the world’s largest stock owner says life is about to get a lot harder for companies...
Hong Kong’s AIA Group Sells Nearly $10 Billion of Coal Investments December 7, 2021 By Denise Wee AIA Group Ltd. has sold off almost $10 billion of investments in coal mining and coal-fired power businesses as pressure...
Climate Report: ‘Low- to No-Snow’ Will Worsen Water Shortages in U.S. West December 2, 2021 By Don Jergler The Intergovernmental Panel on Climate Change this week distributed the final draft of the Working Group III contribution to the...
NAIC Report Outlines Ways to Address Climate-Related Risks November 18, 2021 By Don Jergler The National Association of Insurance Commissioners released the report calling out measures to adapt to and deal with the risks...
Update: Zurich Insurance Will No Longer Underwrite New Oil Exploration Projects November 18, 2021 Zurich Insurance Group will no longer underwrite new greenfield oil exploration projects, Europe’s fifth-largest insurer said on Thursday in an...
South Africa Sued Over Plans to Construct New Coal-Fired Power Plants November 17, 2021 By Antony Sguazzin South Africa’s energy regulator and energy minister have been sued by environmental activists over national plans to allow the construction...
COP26 Climate Agreement Targets Fossil Fuels as Key Driver of Global Warming November 15, 2021 By Valerie Volcovici, Kate Abnett and William James GLASGOW – U.N. climate talks ended Saturday with a deal that for the first time targeted fossil fuels as the...
Insurers to Hike Private Market Investments; Environmental Focus Grows: BlackRock November 15, 2021 By Simon Jessop and Ross Kerber GLASGOW / NEW YORK – Insurers plan to increase their allocations to private markets to 14% from 11% over the...