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…

EC calls on member states to close gaps in environmental law

EC calls on member states to close gaps in environmental law

EC calls on member states to close gaps in environmental law

The European Commission (EC) has rolled out a programme of measures to address gaps in member states’ implementation of environmental laws and policies. Speaking to Commercial Risk Europe last week, Ferma said it has been preparing for the EU to publish the results of its Environmental Implementation Review and is ready to advise risk managers on the next steps. The…

Ferma to advise risk managers on EC’s new ELD three-year plan

Ferma to advise risk managers on EC’s new ELD three-year plan

Ferma to advise risk managers on EC’s new ELD three-year plan

The European Commission will propose what it calls a “multi-annual rolling work programme” (MAWP) to member states’ experts and stakeholders this month, which it hopes will improve the interpretation of key concepts and definitions of the Environmental Liability Directive (ELD). Ferma CEO Typhaine Beaupérin told Commercial Risk Europe during last week’s AMRAE conference in Deauville that the federation is ready…

XL Catlin adds EIL insurance product in Ireland

XL Catlin adds EIL insurance product in Ireland

XL Catlin adds EIL insurance product in Ireland

XL Catlin has launched an environmental insurance product in Ireland that is tailored to address the Environmental Protection Agency’s (EPA) Guidance on Financial Provision for Environmental Liabilities. A stipulation of the guidance, published in October 2015, is that general third-party liability policies will not be acceptable as financial provision and instead it introduces nine requirements for specialist environmental impairment liability…

Public authorities must address climate change risk says Insurance Europe

Public authorities must address climate change risk says Insurance Europe

Public authorities must address climate change risk says Insurance Europe

Public authorities are being urged to improve resilience to climate change risk and losses following the introduction of the COP 21 Paris Climate Change Agreement last week. Trade body Insurance Europe said the insurance sector welcomes the agreement, which pledges to limit global rises in temperature, but said more needs to be done to minimise the risks of climate change through prevention planning.

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