Climate Change
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Dutch airline KLM sued over ‘greenwashing’ adverts
KLM, the Dutch subsidiary of Air France, is being sued for refusing to stop allegedly misleading adverts that claim its…
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European insurers call for realistic approach to climate-related risk regulation
Regulatory approaches to climate-related risk should reflect realties of insurance business, according to Insurance Europe in its response to a…
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Insurers urged to keep focus on climate change solutions amid energy crisis
The insurance industry must not lose focus on combating climate change as the world grapples for short-term energy fixes, and…
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European windstorms top 2022 global cats with $4.1bn loss
European windstorms in February recorded the biggest insured loss globally, excluding the US, so far this year with a hit…
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Gallagher Re and Africa Re partner on Africa resilience initiative
Gallagher Re is partnering with Africa Re on an initiative to strengthen the financial resilience of African countries against a…
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Munich Re joins AXA Climate on Mesoamerican Reef insurance programme
Munich Re has joined AXA Climate to provide capacity for an innovative insurance programme behind conservation group the Mesoamerican Reef…
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Resilient recovery under threat as protection gap widens
The G7 communique issued after the meeting of world leaders this week called for efforts to establish the so-called Global…
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Africa disproportionately affected by climate change, say insurers
African insurers, reinsurers and brokers will play an important role in assessing and managing the impact of global warming on…
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GRI launches sustainability standard for food producers
The Global Reporting Initiative (GRI) has launched a sustainability reporting standard for all companies involved in producing crops, animals and…
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Exposure and effective government drives commitment to tackling climate change in emerging nations
Emerging countries that are most exposed to global warming and those with the most effective governments are showing the strongest…
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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…