ESG Climate Risk
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ICEYE in data collaboration with Juniper Re on flood and wildfire
Satellite-powered disaster management solutions provider ICEYE has formed a new data collaboration with Juniper Re, the reinsurance broking arm of…
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Property risk and flood mapping platform expands to Europe
Geocoding and property intelligence expert Addresscloud has partnered with flood risk management firm JBA Risk management to map the flood…
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Early construction project engagement critical to mitigate climate risks
A panel during Commercial Risk’s Construction Risk Management Europe Conference urged construction companies to get technical experts involved much earlier…
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Europe saw record extreme heat stress days last year, finds EU report
A record number of extreme heat stress days in Europe last year, alongside wildfires, droughts and flooding “paints a sombre…
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Climate change to cause ‘massive economic damage’
Climate change will cost the global economy $38trn every year by 2049 and cause “massive economic damage” some six times…
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NAIC adopts national climate resilience strategy for insurance
The US National Association of Insurance Commissioners (NAIC) has adopted the first-ever NAIC national climate resilience strategy for insurance to…
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TSR raises forecast for ‘hyper-active’ North Atlantic hurricane season
Tropical Storm Risk (TSR) has raised its forecast for North Atlantic hurricane activity in 2024, predicting that it will be…
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German insurers upgrading models to include flash floods
German insurers are working to take flash floods into account within their risk models. “The July 2021 flood in particular…
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French government considers further changes to nat cat scheme
The French government said it will look into charging companies a different amount under the country’s nat cat regime based…
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Eiopa consults on reassessment of nat cat risks
The European Insurance and Occupational Pensions Authority (Eiopa) has launched a public consultation on reassessing natural catastrophe risks in the…
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$65bn of economic losses from nat cats in Asia Pacific last year
Natural catastrophes caused $65bn of economic losses in Asia Pacific in 2023, with 91% of losses uninsured, according to Aon.…
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French insurers call for ‘real’ national risk prevention strategy
The French federation of insurers (France Assureurs) has called for a “real national risk prevention strategy” as the nation and…
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Climate disclosures will help identify risk but increase scrutiny, says Moody’s
Increased global transparency and standardisation will improve the ability to analyse climate risks and opportunities, but some entities will face…
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New head of catastrophe research at MS Amlin
Sam Phibbs has been appointed as head of catastrophe research at Lloyd’s (re)insurer MS Amlin. Phibbs will oversee the syndicate’s…
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Nat cat insured losses totalled $108bn in 2023, says Swiss Re institute
Global insured losses from natural catastrophes in 2023 exceeded $100bn for a fourth consecutive year, according to Swiss Re Institute.…
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Aon launches physical climate risk exposure assessment tool
A tool that assesses an organisation’s current and future exposures to physical climate risk has been launched by Aon. The…
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US Chamber of Commerce sues SEC over climate risk disclosure rules
Business lobby group the US Chamber of Commerce has filed a lawsuit against the US Securities and Exchange Commission (SEC)…
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Soaring climate losses see insurers exit ‘uninsurable’ areas
Insurers are hiking premiums and exiting high-risk areas as a result of a 360% rise in insured losses in the…
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UK government adaptation plans ‘fall short’ for scale of climate risks
A leading climate advisory panel has warned the UK government that its adaptation plans for a changing climate “fall short”…
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Business must invest in climate preparedness and employee support
Organisations should take heed of the losses that can be incurred by extreme weather events, and invest in climate preparedness,…