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Sustainability

 

 

Climate change poses existential risk to property insurance

All players in the property insurance ecosystem must help clients and communities harness property insurance as a tool for climate adaptation, or they risk becoming irrelevant

International Climate change

Pacific typhoons could prompt risk modelling updates: Chaucer

Specialty re/insurer has incorporated Pacific typhoons shifting northwards into its risk assessments, highlighting an increased likelihood of losses over the next decade

Chaucer Reinsurance

The rise of pre-arranged crisis financing

Pre-arranged finance, such as insurance products, can help countries better plan their response compared with more traditional funding models, Centre for Disaster Protection executive director, Daniel Clarke, says

Climate change International

Insurance should be the keystone of climate finance strategies: Aon

Broker’s global head of Climate Risk Advisory outlines why the UN climate talks in Belém could prove to be ‘the insurance COP’

International Climate change

Banks have plenty of room for growth as climate financers

Commercial financial institutions provide about $245bn in climate finance each year, according to the Climate Policy Initiative, but net-zero targets may encourage larger outlays

International Climate change

French buyers tackle insurers over ‘crimes of uninsurability’

Insurers accused of providing insufficient solutions to exposures linked to climate change at risk management conference in France

Europe Property

Colorado to consider bill to publicise risk mitigation discounts

State policymakers seek to dampen high insurance rates 

United States Climate change

Climate finance should focus on private capital, not just public funding: WWF

Public finance may dominate climate discussions, but the impact of private sector money is ‘much, much bigger’, WWF UK’s chief economist says

Climate change Big Interview

California insurance commissioner backs reform package

Legislators also propose consumer protection measures

United States Climate change

IDF launches $9.25m drought insurance policy for Syria

New policy supports the World Food Programme’s efforts in Syria to deliver up to $9.2m in aid when drought conditions trigger a payout

Syria Climate change

California Republican calls for cap on insurance rate rises

State would pay for insurance costs above 7% threshold, DeMaio proposes, and blames Democrats for insurance crisis

United States Climate change

Climate finance cannot flow into a policy vacuum: UNEP FI

UNEP FI chief, Eric Usher, outlines how the new climate action plans that countries submit to the UN Framework Convention on Climate Change can unlock the finance and insurance needed

International Climate change
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