Germany Reels from Flood ‘Catastrophe’; Insurers Expect Costly Claims for 2021 July 16, 2021 By Stefan Nicola and Birgit Jennen Chancellor Angela Merkel pledged swift help backed by “all the power of the state” for people affected by devastating flooding...
U.S. Heatwave ‘Virtually Impossible’ Without Climate Change, Scientists Say July 15, 2021 By Don Jergler An international group of 27 climate scientists have concluded that the recent heat wave in the Pacific Northwest was “virtually...
‘Sunny Day’ Floods Will Increasingly Inundate U.S. Coasts as Sea Levels Rise: NOAA July 15, 2021 By Brian K. Sullivan Record high-tide flooding washed over U.S. coasts in the past year, and rising sea levels are expected to send the...
Howden Launches Climate Risk and Resilience Division July 15, 2021 Howden, the London-based insurance group, announced the launch of a Climate Risk and Resilience division. Led by Charlie Langdale, the...
Individual Results of Climate Stress Tests Should Not Be Disclosed: Oversight Group July 14, 2021 By Marc Jones Climate change financial ‘stress tests’ will need to be improved with better data and modeling, a new paper by a...
South Africa Develops Public-Private Scheme to Provide Drought Insurance for Farmers July 14, 2021 By Emma Rumney JOHANNESBURG – Happy Letsitsa hasn’t paid off the money he borrowed to survive a 2019 drought that ravaged his maize...
Eight Leading Insurers and Reinsurers Launch Net-Zero Climate Alliance July 12, 2021 Eight of the world’s leading insurance and reinsurance companies on Sunday launched an alliance to help speed up a transition...
Global Financial Regulators Seek Coordinated Response to Climate Change Risk July 7, 2021 By Nicholas Comfort The world’s top financial regulators want to coordinate efforts to prepare for potential risks from climate change as authorities still...
Record High Temperatures Hit Nordic Region, Arctic Circle, Adding to Wildfire Dangers July 7, 2021 By Laura Millan and Lars Paulsson Record-high temperatures from Canada to Scandinavia and intense wildfires flaring up from California to Russia’s Far East are adding to...
AIG Releases Its First Environmental, Social and Governance Report July 1, 2021 By Don Jergler The International Renewable Energy Agency says a surge in private lending for renewable energy projects this decade is a must...