Climate Change
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Climate lawsuits could be ‘comparable to tobacco or mesothelioma litigation’
Any companies that thought they didn’t need to worry about being sued for their environmental behaviour should think again after…
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Insurers’ ESG agenda a growing factor in buying decisions
Sustainability is becoming a bigger and bigger topic for risk managers, particularly in Europe, who are increasingly factoring ESG behavior…
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Italy plans new certification to protect the environment
The Environment Pool, part of the Italian Consortium for Insurance and Reinsurance of Liability for Damage to the Environment, has…
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Howden forms climate risk and resilience division
A new climate risk and resilience division has been launched by Howden. The broker said the team will focus on…
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European flood defence system questioned in wake of German catastrophe
This week, Germany will continue to count the cost of last week’s ferocious floods that wreaked havoc in western Europe.…
Top (re)insurers create alliance to deliver net-zero underwriting by 2050
Eight of the world’s top (re)insurers have established the UN-convened Net-Zero Insurance Alliance (NZIA) and committed to transition their underwriting…
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Climate change and ESG risk become Zurich’s ‘North Star’
The insurance industry and its customers are on a sustainability and ESG journey as the world looks to tackle huge…
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German car manufacturers fined €875m by EC for green technology ‘cartel’
German car manufacturers Daimler, BMW and Volkswagen, which includes Audi and Porsche, colluded to limit the development of green technology…
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Pool Re forms advisory group to develop systemic risk solutions in UK
UK terror mutual Pool Re has launched an expert advisory group to explore how the UK can better protect itself…
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Extreme weather triggers heavy June losses in DACH region
Germany, Austria and Switzerland (the DACH region) experienced a series of adverse weather events in June, resulting in losses (mainly…
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Agriculture risk management in focus as Italian market continues growth
The Italian food-farming sector is one of the most highly regarded worldwide for the quality of its products and, not…
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Net-zero transition blocked by insurance innovation ‘barriers’, says ClimateWise paper
A new report by global insurance industry group ClimateWise calls for greater collaboration across the market and with government to…
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Climate change threatens future of cotton production and supply chains, warns WTW report
Half of the world’s cotton-growing regions are at high risk of hotter climates, water scarcity and extreme weather events by…
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New environmental liability guide from IUA
The International Underwriting Association (IUA) has published a new environmental liability guide, which underlines that general liability policies provide extremely…
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GVNW to focus on risk management and sustainability with photovoltaic energy
The German association of risk and insurance managers, the GVNW, will host a virtual event on photovoltaic systems on 8…
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EBRD and Euler Hermes support investments in green bonds
The European Bank for Reconstruction and Development (EBRD) and Allianz Group’s trade credit insurer Euler Hermes SA/NV have signed a…
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Wind: Mitigating the environmental impact
While the climate case for renewables is undeniable and the economic case is becoming increasingly compelling, clean energy does present…
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CO2 pricing and adequate regulatory framework key to Green Deal success
The European Green Deal needs the commitment of the business community and an adequate European regulatory framework to achieve its…
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Argo exits Trans Mountain pipeline cover as campaign steps up pressure on insurers
Lloyd’s and Bermudian insurer Argo Group will not renew cover for Canada’s Trans Mountain oil pipeline after the current policy…
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Work underway to bring post-hurricane parametric protection to Mesoamerican Coral Reef
Willis Towers Watson (WTW) has launched a multinational partnership programme with the Mesoamerican Reef Fund to develop pandemic insurance solutions…