Climate Change
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Airmic report suggests buyers confused over environmental risk warns expert
An Airmic report suggests that UK risk managers are still unaware of the full range of risks they face from…
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UK business could face flood cover problems and price hikes by summer
UK business and homeowners could face difficulties in obtaining flood risk cover and prohibitively expensive insurance premiums in as little…
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Commission asks Italy to strengthen laws on environmental liability
The European Commission announced this week that it is ‘concerned’ that Italy has incorrectly implemented EU legislation on environmental liability…
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EC proposal adds 15 new substances to water pollution list
Improvements in water quality in the EU could be at risk from new forms of chemical pollution and so the…
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Companies not ready for new Russian liability law on hazardous materials
Organisations that operate in the Russian Federation have been warned to take note of new legislation that could affect insurance…
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Rena losses likely to hit $150m
Containership Rena which ran aground off the New Zealand coast in October 2011 has caused losses amounting to more than…
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Evidence mounts of capacity crunch for CBI coverage as Thai losses spiral
Evidence is rapidly building that European risk managers with international exposures will face tough renewals for their business interruption coverage…
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Communicating deeper uncertainties and living with micromorts
David Spiegelhalter classes himself as a professor of risk encouragement. In fact, he is Winton Professor for the Public Understanding…
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Insurers favour market-driven solutions for environmental liability risks
The International Underwriting Association (IUA) has said that market-driven solutions to environmental liability risks should take precedence over possible EU-enforced…
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Improved risk management vital for renewable energy sector
The renewable energy sector needs to improve risk management and access alternative sources of capital as operational risks rise and…
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Corporate Round Up
Torus expands again with Starr renewal deal, AXA top management changes and Swiss Re’s economic forecast for insurers
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Insurers must act to help stop climate change urge experts
The international insurance industry needs to step up efforts to tackle climate change according to market experts following the publication…
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EC attempts to address concerns of buyers over ELD
The European Commission will produce more guidance and further develop practical risk assessment methods to speed up the implementation of…
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EC proposes extension of ELD to tackle offshore energy risk
The European Commission has proposed draft regulation to improve the safety of offshore oil and gas activities in the EU…
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Environmental risk-insured or not?
Last year an International Underwriting Association report analysed the impact of the Environmental Liability Directive (ELD) and assessed the capabilities…
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CRE’s Environmental Liability Directive report-click here
We bring you Commercial Risk Europe’s report on the Environmental Liability Directive (ELD), the newly introduced pan-European ‘polluter pays’ environmental…
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ELD’s stunted demand-Comment
Talk of the introduction of a compulsory insurance system for environmental liability, triggered by the introduction of the Environmental Liability…
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Mandatory cover for environment still not needed—Bell
Compulsory insurance coverage for Europe’s companies to fix damage caused to the environment is both impractical and unnecessary according to…
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Environmental Civil Sanctions give regulators more freedom to act
The Environmental Civil Sanctions Order & Regulations 2010, which came into force in England and Wales in January of this…
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Chartis launches CII accredited EIL training for brokers
Chartis Insurance UK has launch of a suite of environmental training materials, accredited by the Chartered Insurance Institute (CII), predominantly…