Climate Change
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March 17, 2023
Corporates face mounting liability from multiple risks, finds Geneva Association
Litigation practices have emerged as the leading driver of future liability risk facing corporates as concerns rise about US social…
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March 17, 2023
IAIS consults on changes to ICPs around climate-related risks
The International Association of Insurance Supervisors (IAIS) has published a consultation on climate risk with proposed changes to the Insurance Core Principles…
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March 17, 2023
EC to crack down on greenwashing via Green Claims Directive
The EC is expected to table its Green Claims Directive (GCD), a long-awaited law that will regulate how companies substantiate…
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March 15, 2023
Different approaches needed to manage future nat cat risks, says Moody’s RMS
The magnitude and frequency of secondary perils such as floods, wildfires and severe convective storms have highlighted the rapidly changing…
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March 14, 2023
BoE wants to see better climate change risk management before deciding on capital changes
The Bank of England (BoE) is unsure whether insurers and banks are sufficiently capitalised for future climate change losses but…
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March 14, 2023
ESG rules under fire as European business calls for less red tape
European companies see energy prices, the regulatory environment, particularly ESG rules, and tax as the biggest barriers to attracting EU…
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March 14, 2023
Zurich brings climate change resilience services to UK
Zurich is making the full range of its climate change resilience consultancy services available to national and international UK companies…
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March 7, 2023
Former AMRAE president concerned about commitment from insurers in face of systemic risk
Former Amrae president Brigitte Bouquot is concerned about the commitment of the commercial insurance market and urges all parties to…
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March 7, 2023
UK’s flood costs set to rise by up to 23%
New research finds that climate change is set to increase the annual cost of UK flooding by up to 23%…
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March 7, 2023
Climate change could cost Germany €900bn by 2050
German experts commissioned by the federal government have warned that economic damages from catastrophic events caused by climate change could…
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March 3, 2023
Europe’s insurers stand firm on fossil fuel restrictions despite energy crisis
European insurers are currently sticking to pledges to reduce greenhouse gas emissions across portfolios despite the energy crisis, according to…
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February 24, 2023
Chubb names global climate business unit Chubb Climate+
Chubb has named its new global climate business unit Chubb Climate+ and appointed three executives to the business unit's leadership…
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February 24, 2023
Marsh calls for urgent overhaul of ‘failing’ flood risk management
Flood risk management programmes are inadequate for the current threat and have largely failed societies, according to research from Marsh…
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February 24, 2023
Environmental groups sue BNP Paribas in France over climate commitments
BNP Paribas is facing a legal suit in France from three environmental groups that claim loans to fossil fuel companies…
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February 24, 2023
Growing demand for global programmes in Asia Pac
Demand for international insurance programmes in the Asia-Pacific region grew in the last quarter of 2022 as businesses there continued…
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February 20, 2023
Commercial P&C carriers must expand relevance, says McKinsey
Commercial P&C insurers are at an inflection point as they face a continuing cycle of economic uncertainties, according to a…
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February 20, 2023
Commercial insurers to start setting net zero underwriting targets by July
Many of the world’s largest commercial insurers and reinsurers will begin setting targets in July aimed at reducing insurance-related greenhouse…
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February 15, 2023
Greenpeace loses emission case against VW
Greenpeace’s civil lawsuit challenging Volkswagen’s (VW) carbon emissions has been rejected by a German court. The Braunschweig court said VW…
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February 14, 2023
Marsh comes under further pressure to cut EACOP ties
Campaign group Insure our Future has written to Marsh’s CEO calling on his firm to stop brokering the East African…
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February 8, 2023
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…