World’s Three Hottest Julys on Record Occurred During Last Five Years August 7, 2020 By Kate Abnett Last month was the world’s third-hottest July on record, new data show — the latest milestone in a global warming...
Exxon Argues Massachusetts AG’s Climate Lawsuit Amounts to Improper Retaliation August 6, 2020 By Erik Larson Exxon Mobil Corp. will argue that a consumer and investor fraud lawsuit filed by the Massachusetts attorney general amounts to...
Climate Risk Analytics Firm Gets Capital Injections from Liberty and MS&AD July 30, 2020 By Don Jergler Jupiter, a Silicon Valley startup provider of predictive data and analytics for climate risk, announced it has raised additional capital...
Global Natural Catastrophe Losses During H1 Ranged from $68B to $75B: Munich Re, Aon July 24, 2020 By L.S. Howard Munich Re and Aon both issued reports this week on the economic and insurance costs of global natural catastrophes during...
Zurich Insurance Decides Not to Renew Cover for Canada’s Trans Mountain Oil Pipeline July 23, 2020 Insurer Zurich has decided not to renew cover for the Canadian government’s Trans Mountain oil pipeline, said a spokeswoman for...
Inconsistent Data Hinders Climate Risk Comparisons for Insurers, Banks: Regulator July 22, 2020 By Huw Jones Comparing how banks and insurers from different countries cope with climate change is being hampered by a lack of consistent...
Zurich NA Sustainability Head: Pandemic is a Roadmap for Climate Change Battle July 16, 2020 By Don Jergler Ben Harper picked an interesting time to start his new job as head of corporate sustainability for Zurich North America....
Russia Requires Firms to Develop Financial/Insurance Contingency Plans for Oil Spills July 14, 2020 President Vladimir Putin on Monday signed legislation requiring companies involved in oil production or handling other hydrocarbons to have adequate...
Russia’s Nornickel Denies Allegations of Cover-Up over Arctic Oil Spill July 13, 2020 By Andrew Osborn and Tom Balmforth Pressure is mounting on Russian mining company Norilsk Nickel over an Arctic oil spill that has wiped about 17% off...
Arctic Temperatures Soar to Record Levels in June, Stoking Wildfires: EU Data July 7, 2020 By Emma Farge and Vladimir Soldatkin GENEVA/MOSCOW – Temperatures in Arctic Siberia soared to a record average for June amid a heat wave that is stoking...