All Climate crisis articles
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NewsCentre for Disaster Protection to form technical advisory group for Global Shield against Climate Risks
The group will help vulnerable countries access climate and disaster risk finance and insurance support packages via Global Shield.
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NewsClimate change will add 10%+ to cost of US hurricanes over next 20 years – Aon
Aon’s work with Columbia University has come up with an estimate for the cost of climate change to the reinsurance industry’s peak peril.
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NewsMapfre announces decarbonisation plans, 26% cut to climate footprint
Spanish insurer Mapfre is committed to reducing its operational carbon footprint by 50% and to becoming carbon neutral in all countries by 2030.
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NewsAon launches climate analytics, advisory unit
Aon’s new Climate Risk Advisory team will use the broker’s Impact Forecasting models to provide physical risk diagnostics and advisory services on climate-related financial risks.
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NewsEnergy pricing, transition pushing back climate focus – Beazley
Current fears about energy prices and the need to transition may be blinding insureds to the existential threat that climate change poses, London market specialty insurer Beazley warns.
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News2022 nat cats set new records with $120 billion in claims
Hurricane Ian accounted for half of insured losses, making it the second most costly storm in history - Munich Re
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NewsClimate change justifies 50% property cat rate hikes - EY
Cat events have cost UK re/insurers more than double over the past six years than the preceding decade
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NewsFresh protests in the City over controversial coal project
It follows a tip-off that Probitas1492 is insuring the Adani Carmichael’s thermal coal project rail line, haulage operation and port
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NewsRSA launches low-carbon underwriting policy
Insurer has committed to achieving an underwriting portfolio for energy production that is over 75% low carbon by 2030
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NewsIDF calls for 'convergence' of insurance and disaster risk management
As key milestones announced at COP27, IDF heralds the industry’s ability to influence “systemic change”
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NewsMunich Re announces major new oil and gas policy
As of 1 April 2023 reinsurer will no longer invest in or insure projects exclusively covering new oil and gas fields
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NewsThousands evacuate as Sydney floods
Over 30,000 people have been impaced as heavy rain and flooding continues to impact New South Wales
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NewsLloyd’s targeted by Mary Poppins-themed flash mob
Protestors called on Lloyd’s to take concrete climate action and protect the next generation
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NewsGeneva Association appoints new board members
Association has become a supporting institution of UNEP-FI’s Principles for Sustainable Insurance
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NewsWorld’s first carbon insurer launches
Kita’s focus is carbon removal, insuring “carbon delivery risk” to enable carbon removal solutions to scale
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NewsClimate crisis: Re/insurers must overhaul business models
Just 8% of insurers are resilience champions while 73% of policyholders rank climate among their top concerns
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NewsWildfires threaten New Mexico resorts
More than 300 properties in New Mexico and 500 in Orange Country have been destroyed so far
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NewsILS a key solution to climate crisis - MAS
21 ILS transactions have been launched in Singapore since 2018, including a growing number by Asian cedants
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NewsClimate protesters block Lloyd’s entrance
Extinction Rebellion has blocked access to the market as it calls on re/insurers to stop insuring fossil fuel projects
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NewsO’Donnell is named chair of ClimateWise
Kevin O’Donnell, president and CEO of RenaissanceRe, will head up the industry climate action body
