Climate Change
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June 2, 2023
EU Parliament adopts directive to stop environmental and human abuse
The European Parliament has adopted its position for negotiations with member states on rules to integrate human rights and environmental…
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May 30, 2023
Lloyd’s, QBE and Mapfre join exodus from NZIA
Lloyd’s, QBE and Mapfre have become the latest members of the UN-convened Net Zero Insurance Alliance (NZIA) to leave, with…
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May 30, 2023
UN backs NZIA collaboration but 11 members have now quit
The UN said “there is a fundamental and urgent need for collaboration” in the insurance and reinsurance industry to tackle…
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May 30, 2023
Increased climate-related claims activity in UK and Europe expected
The UK and Europe are expected to see increased activity in certain new types of climate-related claims, according to Lydia…
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May 26, 2023
Allianz, Scor and chair AXA exit NZIA
Three more European insurers, AXA, Allianz and Scor, left the Net Zero Insurance Alliance (NZIA) yesterday after weeks of speculation…
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May 25, 2023
Spanish risk managers welcome positive aspects of ESG
Spanish risk managers say that they are getting increasingly involved with the adoption of ESG principles by their companies, and…
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May 24, 2023
Climate litigation grows into financial risk for major carbon emitters, finds Grantham study
Climate litigation shaves an average 1% from the value of listed US and European corporations, according to Grantham Research Institute,…
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May 23, 2023
Swiss Re latest to quit Net-Zero Insurance Alliance
Swiss Re is the latest high-profile member to leave the UN’s Net-Zero Insurance Alliance (NZIA) in the face of growing…
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May 17, 2023
Aon launches Singapore climate innovation hub
Aon has launched a new climate innovation hub in Singapore, supported by the Singapore Economic Development Board (EDB). Aon said…
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May 16, 2023
NZIA weakened by exits but insurance industry will push on with net zero underwriting
The exit of three leading (re)insurers from the industry’s net zero standards body does not necessarily signal a sector-wide pull-back…
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May 11, 2023
Insurance solutions to help de-risk climate change impacts
Insurers can help corporates to de-risk impacts from climate change in a number of different ways, according to Swiss Re…
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May 10, 2023
Moody’s warns of P&C profit hit from proposed drought reform in France
An increase in drought losses in France – forecast to rise by three times over the next 30 years –…
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May 5, 2023
FM Global launches tool to help clients manage climate change risk to 2050
Commercial property insurer FM Global has launched a data-driven tool for clients to identify and mitigate their climate risks between…
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May 4, 2023
Talanx sets out new net-zero commitments
The Talanx Group is to introduce additional restrictions on insurance for new oil and gas projects with effect from 1 July 2023,…
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May 3, 2023
Munich Re Specialty Group launches ‘Green Solutions’
Munich Re Specialty Group has launched Green Solutions, a portfolio of insurance products and services aimed at the renewables market.…
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May 3, 2023
US Supreme Court decision on Big Oil could fuel flood of claims
A recent decision by the US Supreme Court has dealt a “heavy blow” to Big Oil defendants seeking to move…
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May 2, 2023
IAIS highlights role of supervisors in addressing nat cat protection gaps
Insurance supervisors can play an essential role in supporting disaster risk assessment and risk management practices and addressing protection gaps,…
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May 2, 2023
NZIA withdrawals complicate net-zero underwriting decisions, says Marsh exec
Risk managers need to be aware how their organisations’ impact on the environment and net-zero transition plans are viewed by…
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April 28, 2023
Energy transition dominates businesses’ short-term concerns
Short-term concerns about the energy transition are deflecting the focus away from climate change, according to a new report on…
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April 27, 2023
Debate hots up over sustainability and due diligence directive
The European Parliament (EP) will vote in the first week of May on the increasingly controversial Corporate Sustainability and Due…