UK Firms Told to ‘Urgently Review’ Green Claims Amid Crackdown April 24, 2024 By Greg Ritchie Firms operating in the UK are being advised to go through any products and services around which some sort of...
EU Parliament Approves Law to Slash Trucks’ Carbon Footprint April 11, 2024 By Kate Abnett The European Parliament voted on Wednesday to pass a law to reduce carbon dioxide emissions from trucks, which will require...
Zurich Insurance to Halt Coverage of New Fossil-Fuel Exposures April 8, 2024 By Myriam Balezou and Gautam Naik Zurich Insurance Group AG will no longer underwrite new oil and gas projects, and is cracking down on clients planning...
Pressure Builds for Charge on Global Shipping Sector’s CO2 Emissions March 18, 2024 By Kate Abnett The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on...
AXIS Capital’s Syndicate 2050 Gets Full Lloyd’s Approval to Begin Underwriting March 5, 2024 AXIS Capital Holdings announced it has received full approval from Lloyd’s to begin underwriting from April 1, 2024. AXIS first...
Markets/Coverages: Legal & Contingency Launches EV Charging Site Insurance for England and Wales February 28, 2024 Legal & Contingency Ltd. (L&C), the London-based MGA that specializes in underwriting legal indemnities and title risks, announced the launch...
Europe Automakers Will Not Challenge 2035 Fossil-Fuel Car Ban, Industry Group Says February 27, 2024 By Gilles Guillaume Europe’s automakers will not challenge the European Union’s decision to effectively ban fossil-fuel vehicles as of 2035 no matter who...
Slumping EV Prices Force Carmakers to Repay Leasing Firms February 22, 2024 By Elisabeth Behrmann and Wilfried Eckl-Dorna Carmakers have begun compensating leasing companies for the sliding value of used electric cars as Tesla Inc.’s price cuts rip...
JPMorgan, State Street Quit Climate Group, BlackRock Steps Back February 16, 2024 By Simon Jessop and Ross Kerber JPMorgan Chase’s and State Street’s investment arms on Thursday both quit a global investor coalition pushing companies to rein in...
EU Needs Trillions of Investments to Meet 2050 Climate Target: Research January 31, 2024 By Kate Abnett The European Union will need 1.5 trillion euros ($1.6 trillion) per year of investments to meet its 2050 net zero...