Climate Change
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German climate group loses legal action against BMW
A Munich Court has dismissed a lawsuit against BMW brought by German climate campaigners Deutsche Umwelthilfe that alleged failure to…
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Marsh reported to US government over role in controversial East Africa pipeline
Human rights and environmental groups have filed a complaint to the US government alleging that Marsh has violated OECD guidelines…
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Climate change: Tipping point looms
Munich Re’s latest analysis of total economic global natural catastrophe losses in 2022 shows a reduction compared with previous years. But the…
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Insured nat cat losses reached $140bn last year: Gallagher Re
Insured nat cat losses hit $140bn in 2022, with $125bn falling on private insurers and the rest on public insurance…
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In-house counsel brace for tide of ESG related litigation
In-house general counsel and others working for corporations in North America are bracing themselves for a wave of ESG-related litigation…
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Ferma lobbies EU council to prioritise cyber and sustainability risk transfer
Ferma has called on the Swedish presidency of the Council of the EU to focus on closing insurance protection gaps…
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Action groups step up greenwashing efforts as directive hits EU parliament
Members of the ENVI Committee in the European Parliament have rejected a crucial amendment on carbon offsetting in the draft…
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Chaucer and Kita launch first carbon offset failure insurance
Speciality insurer Chaucer has partnered with carbon credit insurance experts Kita to begin insuring companies against the risk of failed…
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Zurich launches new climate change adaptation and mitigation service
Zurich and climate solutions experts South Pole are teaming up to offer a new service that will help clients get…
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Swiss risk managers face up to new ESG reporting rules
Switzerland risk managers at firms regulated by the Swiss Financial Market Supervisory Authority (Finma) must get up to speed on…
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European business calls for ‘realism’ on due diligence proposal
A group of leading European business organisations including BusinessEurope, Ecoda and Insurance Europe have joined forces to tell the EU…
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German insurers agree to updated ESG guidance with greater focus on biodiversity
The German insurance association (GDV) has updated its sustainability guidance for members two years after it was first adopted, and…
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Dutch risk managers warned to brace for more class actions in 2023
Risk managers in the Netherlands and their defence lawyers can expect more class actions brought against big firms in 2023…
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Net-Zero Insurance Alliance creates target-setting protocol to decarbonise (re)insurance portfolios
The Net-Zero Insurance Alliance (NZIA) has launched its first target-setting protocol at the World Economic Forum’s Annual Meeting in Davos,…
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BI and cyber top risk list for Americas and Asia Pac in Allianz Risk Barometer
The two most important business risks in the Americas and Asia-Pacific in 2023 are business interruption and cyber incidents, according…
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Concern jumps over macroeconomic risks but cyber and BI retain top spots: Allianz Barometer
Macroeconomic risks and the energy crisis have shot up the ranking, but cyber and business interruption (BI) remain the top…
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Aviva enters European, UK and US offshore wind market
Aviva has entered the offshore wind insurance market and said this is set to be a growth area for the…
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European financial firms call for further changes to sustainability reporting standards
European financial firms have called for changes to the European Sustainability Reporting Standards (ESRS), which they will have to apply…
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Proportionality needed in CSRD to manage burden for smaller insurers and captives: GDV
The German Insurance Association (GDV) has called on the EC to ensure the principle of proportionality is properly applied to…
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IP risk management and geopolitics big concern for life sciences
A new survey by WTW finds that life science firms are now concerned about a much wider range of enterprise…