Insurance Covered $90B of Natural Disaster Losses in 2018, Leaving 60% Protection Gap January 22, 2019 The economic costs of last year’s 394 natural catastrophe events came to US$225 billion with insurance covering US$90 billion of...
Climate Change, Shrinking Glaciers Threaten Rhine River Shipping Access January 18, 2019 By William Wilkes, Vanessa Dezem and Brian Parkin Kevin Kilps’s car ferry churns the waters of Germany’s Rhine river as he steers toward the bank opposite Kaub, a...
Failure to Mitigate Climate Change, Cyber Attacks Are Top Global Threats: WEF January 17, 2019 By Jill Ward The failure to tackle climate change and extreme weather events are the most threatening global risks this year, according to...
Jan. 1 Renewals Saw ‘Muted Impact’ from 2018’s Catastrophes: Guy Carpenter January 14, 2019 The overall impact of catastrophe losses on property rates was muted at the Jan. 1, 2019 reinsurance renewals, but the...
California Wildfires, Hurricane Michael Top List of 2018’s Costliest Natural Disasters: Munich Re January 8, 2019 By L.S. Howard The costliest natural catastrophes occurred in the United States in 2018 with one of California’s devastating wildfires and Hurricane Michael...
Exxon Bid to Halt Climate Change Probes Rejected by U.S. Supreme Court January 7, 2019 By Nate Raymond The U.S. Supreme Court on Monday cleared the way for the attorney general of Massachusetts to obtain records from Exxon...
Underestimating Climate Change Risks Could Hit Investors: Opinion December 27, 2018 By Mark Buchanan, Bloomberg View As the effects of climate change unfold, its impact on business will grow more severe: altered rain patterns will affect...
California Commissioner Pushing Insurer Fossil Fuel Divestment to The End December 20, 2018 By Don Jergler California Insurance Commissioner Dave Jones continues to push the fossil fuel divestment hot button right to the end of the...
Average World Temperatures to Far Exceed Paris Climate Agreement Goals: Report December 13, 2018 By Nina Chestney Average world temperatures are on course to far exceed the main goal set in the 2015 Paris Agreement on limiting...
Sweden’s Wildfires Highlight Cost of Rapidly Changing Climate in Europe December 12, 2018 By William Wilkes Hannele Arvonen, the owner of one of Sweden’s largest lumber yards, is spending the winter months planning for a new...