Climate Change
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Sanchi’s expanding oil slick raises environmental concerns
The spill from the stricken oil tanker Sanchi has created an oil slick that has trebled in size since the…
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Insurers face climate change risk mitigation ‘hurdles’, says leading thinktank
The insurance sector is blocked from doing more to tackle climate change, according to a new report from industry thinktank…
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Asean plans to improve nat cat response following Typhoon Tembin
The Association of Southeast Nations (Asean) is to accelerate its plan to develop systems to help its member states respond…
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BI, cyber and nat cats top 2018 Allianz Risk Barometer
Business interruption (BI), cyber and natural catastrophes are the leading business risks this year, according to more than 1,900 risk…
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Environmental and cyber risks rise to prominence in WEF’s 2018 risk report
Environmental and cyber risks are two of the most significant threats facing businesses and economies, according to the World Economic…
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Tanker Sanchi sinks with no survivors
The Sanchi, the stricken Iranian tanker that collided with a US freighter off the eastern coast of China in one…
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NZ companies facing rise in weather insurance premiums
The cost of insurance claims related to storms and floods has risen by 70% in New Zealand during the past…
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Philippines government offers farmers payout over Typhoon Tembin
More than 20,000 Filipino farmers whose crops were destroyed by the recent Typhoon Tembin, also known as Typhoon Vinta in…
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Iranian oil tanker continues to blaze off China’s coast
The Iranian oil tanker that crashed off the east coast of China continues to blaze for the third consecutive day,…
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Cotton insurance success for Senegal
Insurers are claiming success in Senegal after all cotton producers in Senegal subscribed to the first national index-based insurance policy.…
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Global rates fall again but rises on the way for cat risk: Marsh
Global commercial insurance rates fell for the 18th consecutive quarter in Q3 2017 according to data from Marsh. However, the…
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AGCS expands Asia presence with China and Indonesia offices
Corporate insurer Allianz Global Corporate & Specialty (AGCS) has commenced new operations in Indonesia and China, thereby making Asia the…
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More insurers take action on coal and climate change
Insurance companies have pulled $20bn out of investments in coal and a growing number are refusing to underwrite new coal…
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Insurance provides added support in wake of natural catastrophes
New insurance mechanisms are emerging for Africa as the world grapples with the aftermath of natural catastrophes and as the…
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Willis Towers Watson calls end of soft market in US
Rate increases are on the cards for US commercial insurance buyers in 2018, as a direct result of the recent…
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Beazley launches Spanish operation
London-based international specialty insurer Beazley formally launches its Spanish operation at a reception in Madrid this evening, where brokers and…
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AIR Worldwide releases new inland flood model for Japan
Catastrophe modelling firm AIR Worldwide has launched a new inland flood model for Japan, and also released a new version…
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RMS opens Sydney office to bolster APAC client support
Risk modelling and analytics firm RMS has opened a new office in Sydney, Australia as part of its effort to…
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UN issues disaster risk warning for Asia-Pacific
The risk of natural catastrophe in Asia-Pacific is outpacing resilience and could push those in the most disaster-prone areas into…
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More than $1.2bn paid to date for Tianjin claims, says CIRC
The Tianjin bureau of the China Insurance Regulatory Commission (CIRC) has revealed that more than CNY8.1bn ($1.2bn) of insurance claims…