Climate Change
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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…
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Belrim President calls for clarification on ELD from EU
Gaetan Lefevre, President of Belrim, the Belgian risk management association, has called on the European Union (EU) to provide urgent…
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UK EIL market slower than expected but demand set to rise: Underwriters
Environmental liability has been shoved up the corporate agenda recently in the UK following the transposition of the European Environmental…
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MARSH: Market has been slow to adapt to climate change
The recent slew of severe weather events and natural catastrophes has highlighted the need for better catastrophe risk management, according…
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CEA to spread ELD claims data but expert downbeat on Solvency II
The CEA is currently working to collect claims data on Environmental Liability Directive (ELD) related losses in order to educate…
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EC takes France to court for industrial pollution and threatens Italy
The European Commission is taking France to the European Court of Justice (ECJ) as at least 62 of its industrial…
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Insurers warn ELD stakeholders to up game or face mandatory schemes
Leading specialist environmental insurers have called on all stakeholders involved with and affected by the Environmental Liability Directive (ELD) to…
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EIL market in France expands as full extent of ELD liability comes into focus
The French EIL market is now showing signs of steady growth, following the implementation of the Environmental Liability Directive, as…
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Tackling shipping emissions and its regulation on the agenda
The European Commission (EC) has published the first comprehensive overview of the problem of shipping emissions as debate around regulatory…
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US files suit against BP, QBE and seven others for Deepwater spill
The US Justice Department yesterday filed a suit against oil giant BP, and eight other companies, including Lloyd’s of London…
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CEA claims open market not ready for mandatory ELD cover
The CEA has responded to criticism of a 'negative' approach to mandatory financial security for the Environmental Liability Directive, and…
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Constructive criticism needed from CEA on ELD risks
The CEA has been criticised for its 'negative' approach to mandatory financial security for ELD liabilities and challenged to come…
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Commission should leave cover for ELD risks to market forces-expert says
Following a recent report from the European Commission on the Environmental Liability Directive (ELD) that suggests it is considering intervention…
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Commission looks to beef up ELD as Hungary counts cost of toxic disaster
A recent report from the European Commission suggests that it is looking to beef up the Environmental Liability Directive [ELD]…
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UK flood spend set to increase despite budget cut for DEFRA
Despite an 8% budget cut for the UK's Department for Environment, Food and Rural Affairs, announced in its governments spending…
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ELD to ‘bare its teeth’ in Hungarian toxic spillage
The disaster in Hungary, which has seen toxic sludge escape from a reservoir in the city of Ajka, should serve…
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World’s top 3,000 companies caused over $2tn environmental damage in 2008
A new United Nations-backed study has estimated that the world’s top 3,000 companies by market capitalisation caused some $2.15tn of…
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Munich Re takes centre stage in Monte Carlo with oil rig plan
Munich Re announced an ambitious plan during the Monte Carlo reinsurance market Rendez-Vous to open talks with the US government…
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Confusion reigns in Spain over environmental liability
Spanish companies are seriously ill-prepared for the expected rise in environmental liabilities following the introduction of the Environmental Liability Directive…
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French risk managers digest challenges posed by ELD
French risk managers are fast waking up to demands placed upon their companies as they attempt to meet new environmental…
