Climate Change
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Zurich report finds risk management shortfalls exacerbated storm Bernd
Simply blaming the catastrophic impact of severe weather event Bernd that caused devastating flooding and damage of up to €50bn…
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Reputation risk and ESG: An evolving picture
Managing the potential threats to reputation is near the top of most c-suites’ agendas and most companies’ risk registers. At…
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Thawing permafrost and construction high on Swiss Re’s emerging risk radar
Thawing permafrost and quantum computing lead Swiss Re’s global scan of emerging risks facing companies and their insurers in its…
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Coal risks now left to ‘inexperienced’ underwriters as major players exit, says Insure Our Future
Insurance options for new and existing coal risks have reduced to “smaller, inexperienced” insurers, as the withdrawal of mainstream carriers…
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Climate risk could leave businesses without cover and reduce D&O options, warns BoE
Insurance cover for businesses and homes could become “prohibitively expensive” or unavailable during the next 30 years because of the…
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Marsh working to see good ESG performance reflected in premium costs
Insurers are hungry for ESG data to aid underwriting but without proven correlations between ESG scores and losses, only a…
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Cyber remains number one risk for Airmic members
Supply chain and geopolitical risk have unsurprisingly shot up the risk management agenda in 2022, but cyber remains the number…
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Resilience Index reveals high UK exposure to climate risk
The UK has performed strongly in the latest FM Global Resilience Index but sits worryingly low down the ranking for…
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Asia manufacturing hubs vulnerable to supply chain and climate risks
FM Global’s latest resilience index reveals that key manufacturing centres in Asia are exposed to high levels of climate and…
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Work together to close protection gaps, Insurance Europe tells policymakers and insurers
Insurance Europe has called for coordinated action from policymakers, insurers and the public to tackle the significant protection gaps that…
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Podcast: Resilience and crisis preparedness
In advance of Airmic 2022, Liz Booth, special projects editor, Commercial Risk, talks to James Crask, head of strategic risk…
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Ferma survey finds cyber and supply chain top risk agenda
Cyber risk and the threat of supply chain failure have shot up the European risk management agenda during the last…
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Sompo to pull cover for fossil fuels but accused of being too tame
Japanese insurance giant Sompo Holdings has today announced that it will no longer underwrite new and existing coal-fired power plants…
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Regulators urged to come up with global approach to ESG reporting
Speakers at the World Economic Forum’s (WEF) annual meeting have urged regulators around the world to come up with single…
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VW agrees £193m settlement over 90,000 UK dieselgate claims
German car manufacturer VW has reached an out-of-court settlement with 91,000 claimants over the dieselgate scandal and will pay £193m…
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UK insurers’ climate change losses manageable but rates likely to rise, finds BoE
UK insurers and banks are set to lose 10%-15% of annual profit to climate change and are likely to pass…
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Airline KLM facing legal action over greenwashing
Dutch airline KLM is facing legal action over alleged false advertising of its environmental credentials. The case is believed to…
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Shipowners face higher emissions costs under General Average
Shipowners will soon face potentially significantly higher costs when forced to deviate to an EU port, because they will be…
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Swedish thinktank warns of ‘critical’ risks from confluence of climate change and war
The world is in danger of stumbling into a risk management crisis because of the worrying increase in both armed…
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Ferma raises concerns with EC over Corporate Sustainability Due Diligence Directive
The Federation of European Risk Management Associations (Ferma) is concerned about key aspects of the recently announced Corporate Sustainability Due…
