water risk News

Tech Update: AXA XL Launches Solution to Evaluate and Manage Water Risks

AXA XL Risk Consulting announced the launch of its Water Impact and Sustainability Evaluation (WISE) tool – a remote, customizable solution which helps risk managers to understand, evaluate and act on water risks. Amid a changing climate, water risks affect …

Financial Services Firms Face Losses of $225B From Variety of Water Risks: Report

Financial institutions face losses of at least $225 billion from risks related to water, with a third of them doing nothing to assess the potential impact, a report by leading environmental disclosure platform CDP and Planet Tracker estimates. The U.N. …

Homeowners Often Overlook Mitigating Water Leak Risks: Chubb

The majority of homeowners do not view internal water leak damage as the most concerning home threat, despite the fact that water leaks are a more frequent risk than fire and theft, a new Chubb survey revealed. “The time between …

Data Centers’ Use of Water for Cooling Has Investors Concerned

Data centers, used by governments and large corporations to house their computer systems, have one big environmental problem: They get hot. To keep them from overheating, large data centers can pump hundreds of millions of gallons of water a year …