ESG Climate Risk
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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,…
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Swiss Re calls for adaptation measures to tackle climate change
A new analysis of 36 countries and their exposure to climate change carried out by the Swiss Re Institute ranks…
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Air pollution rises up risk agenda in UK and EU
Air pollution is the fastest-growing insurance protection gap among climate risks, say Airmic members polled in the association’s latest survey.…
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Gallagher Specialty launches parametric insurance centre of excellence
A new parametric insurance centre of excellence has been created by London-based Gallagher Specialty. The move is in response to…
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$100bn insured losses now the norm as secondary perils grow
Last year saw a global insured loss exceeding $100bn, the fourth consecutive year of such losses, and a total economic…
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Eiopa chief calls for greater cooperation on climate-related risk
Petra Hielkema, chairperson of the European Insurance and Occupational Pensions Authority (Eiopa), has told the World Federation of Exchanges (WFE),…
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German insurers call for state action on flood prevention
Germany is still planning, building and renovating as if climate change is not happening, with flood risk rising fast as…
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2023 hottest year on record
Last year was the hottest on record, with global temperature close to the 1.5°C limit, according to Copernicus. It said…
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Nat cat insured losses hit $95bn last year: Munich Re
Global insured losses from natural disasters reached $95bn last year, below the $105bn five-year average but above the $90bn average…