AXA Corporations Solutions warns of environmental risks under new French laws

AXA Corporations Solutions warns of environmental risks under new French laws

AXA Corporations Solutions warns of environmental risks under new French laws

AXA Corporate Solutions has warned large corporates operating in France about the risks of failing to meet new environmental laws. The insurers said that a new biodiversity law, which has been in force since August last year, introduced the concept of ecological damage to the French Civil Code alongside environmental regulations under the EU. AXA Corporate Solutions said it has…

BIBA launches pollution product for environmental contractors

BIBA launches pollution product for environmental contractors

BIBA launches pollution product for environmental contractors

The British Insurance Brokers’ Association (BIBA) has launched an insurance package for environmental contractors in the UK. The scheme is arranged by Direct Insurance London Market, itself a BIBA member. The new scheme provides a range of covers all under one product. It is suitable for businesses operating across the waste and recycling industries and includes: multiple classes of coverage…

Study proves link between nanoparticles and heart disease

Study proves link between nanoparticles and heart disease

Study proves link between nanoparticles and heart disease

New research into the health impact of nanoparticles finds that inhaled nanoparticles can enter the bloodstream and put healthy people at risk of stroke and heart disease. Part funded by the British Heart Foundation and conducted by a team of scientists from the UK and the Netherlands, the research supports previous studies that have found links between cardiovascular disease and…

Ferma urges EU against compulsory cover for ELD risk

Ferma urges EU against compulsory cover for ELD risk

Ferma urges EU against compulsory cover for ELD risk

Ferma told the EU parliament this week that it remains against the introduction of compulsory financial security for ELD risks because it believes such a system would reduce prevention measures and be extremely difficult to administer. The federation of European risk management associations also took the opportunity to back the EU’s new Multi-Annual Work Programme (MAWP) 2017-2020 that was published…

Advertorial: We need to listen to the fish

Advertorial: We need to listen to the fish

Advertorial: We need to listen to the fish

Are fish trying to tell us something important about climate change? We believe they are and we need to listen. Fish are a key indicator of change in the ocean. Observing their behaviour patterns can help us to better understand the risks that climate change poses to societies and businesses. Studying the effects of climate change on oceans, and their…

Lloyd’s continues expansion but must watch combined ratios and reserves

Lloyd’s continues expansion but must watch combined ratios and reserves

Lloyd’s continues expansion but must watch combined ratios and reserves

If the Lloyd’s insurance market is a decent yardstick for the state of the international commercial and specialty insurance and reinsurance market, then its recently published annual results suggest that risk and insurance managers worldwide need to brace themselves for tougher renewals in future. The market revealed numbers last week that showed a big jump in gross premiums written, up…

Environmental impairment liability comes of age

Environmental impairment liability comes of age

Environmental impairment liability comes of age

As environmental impairment liability (EIL) claims frequency and severity trends upwards, Peter Jarvis, head of environmental product, Europe, at AIG, considers whether environmental liability should continue to be viewed as an ‘emerging risk’. Environmental damage claims are becoming more frequent, impacting a wider range of industries than ever before, while remediation costs are creeping steadily upwards. This is the conclusion…

Ferma backs EC programme to improve ELD implementation

Ferma backs EC programme to improve ELD implementation

Ferma backs EC programme to improve ELD implementation

Risk management federation Ferma has welcomed the European Commission’s proposals to improve implementation of the European Environmental Liability Directive (ELD) over the next three years, rather than introduce new rules and regulations. Ferma said the programme, which follows last year’s evaluation of the ELD, “capitalises on the existing ELD text without introducing costly new requirements on industrial operators, including our…

Climate change could soon impact D&O cover – Clyde & Co

Climate change could soon impact D&O cover – Clyde & Co

Climate change could soon impact D&O cover – Clyde & Co

Underwriters need to start asking searching questions about how businesses are responding to climate change, according to law firm Clyde & Co. The warning came at a Clyde & Co seminar on the impact of climate change on D&O cover. There is potential for a growing volume of litigation and disputes, in which corporate boards are being held to account…

UK unprepared for Brexit impact on environmental law

UK unprepared for Brexit impact on environmental law

UK unprepared for Brexit impact on environmental law

The UK is totally unprepared for the potential impact of Brexit on environmental legislation, with a huge volume of EU green legislation needing to be moved into UK law, according to a new report by the Green Party MP Caroline Lucas. The 35-page report cites House of Commons Library research, which has identified more than 1,100 EU environmental laws that…

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