Climate Change
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France reportedly seeks changes to scope of CSRD
The French government is set to propose revisions to lighten requirements under Europe’s Corporate Sustainability Reporting Directive (CSRD), according to…
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Climate activists cut UK insurers’ fibre optic cables
Activists from Shut The System have claimed they cut fibre optic cables to offices of hundreds of insurance companies in…
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Severe weather events in Canada in 2024 set insured loss record of $8bn+
Insured damage caused by severe weather events in Canada in 2024 surpassed $8bn for the first time in Canadian history,…
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Climate change hits record high in Allianz Barometer but cyber risk retains top spot
Cyber, business interruption (BI) and nat cats remain the three most-feared global business risks in the latest Allianz Barometer, but…
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Ferma reiterates call for EU nat cat and cyber pools
European risk management association Ferma is calling on EU legislators to help organisations prepare for supply shocks, further explore proposals…
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Consultant Horváth partners with flood scientists JBA Risk Management
A new partnership to meet rising demand for sustainability reporting has been formed by Stuttgart-based management consultant Horváth and UK-based…
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2024 was the warmest year on record globally
2024 was the warmest year on record globally and the first calendar year that the average global temperature exceeded 1.5°C…
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Climate risk is not a distant threat
Organisations are beginning to take climate risks more seriously as the impact of extreme weather is affecting physical assets as…
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Lloyd’s CEO John Neal moving to Aon
Lloyd’s CEO John Neal is leaving for Aon once his notice period has been served to become CEO of reinsurance…
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Go beyond traditional climate risk management, says WTW
Organisations need to go beyond traditional climate risk management boundaries to deal with the increasing volatility of acute and chronic…
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WEF tracks stagnating global cooperation on key challenges
Global cooperation has “flatlined”, according to new research from the World Economic Forum (WEF), which calls for urgent action to…
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Aon enhances Climate Risk Monitor solution with flood expert collaboration
Aon has enhanced its Climate Risk Monitor solution with a collaboration with flood expert Fathom. Aon said it will assist…
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Regulators call for European-wide pool for growing nat cat risk
Natural catastrophe risks should be pooled across the EU through a public-private reinsurance scheme, according to insurance regulator Eiopa and…
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Survey suggests that half of firms risk CSRD breaches
Almost half of businesses risk non-compliance with Europe’s Corporate Sustainability Directive (CSRD), according to a Censuswide study commissioned by Sweep…
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Climate change cost insurers $600bn over past two decades, says campaign group
The insurance industry is fundamentally underestimating the impact of climate change, with more than a third of insured weather losses…
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Risk managers best placed to help firms manage strategic climate change dilemma, says WTW
A flurry of regulation and the complexity of quantifying risks associated with climate change have left many companies facing a…
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Nat cat insured losses to hit $135bn this year: Swiss Re
Insured losses from natural catastrophes are forecast to exceed $135bn in 2024, according to a report from Swiss Re. It…
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Three-quarters of sustainability leaders don’t expect to hit net-zero goals
A concerning 75% of sustainability business leaders do not believe their organisations will achieve their net-zero targets, according to a…
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Many global firms lack plans to manage extreme weather, finds International SOS
A survey by International SOS Foundation has found that just a third of firms (36%) have comprehensive plans and policies…
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Captives no magic wand for French risk managers
French companies considering setting up captives as an alternative for risks in which insurers have shown little, if any, appetite,…