Climate Change
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May 28, 2024
German multinationals urged to up ESG game in China
There are currently no mandatory ESG reporting and governance guidelines in China but a leading Beijing-based law firm advising German-speaking…
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May 23, 2024
French stress test finds nat cat losses and rates would more than double by 2050
France’s financial markets supervisor ACPR has released the results of its second-ever stress test exercise for the insurance industry, and…
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May 23, 2024
Climate change increased winter storm rainfall by 20% in UK and Ireland
Human-induced climate change increased the severity of autumn and winter storm rainfall in UK and Ireland by about 20%, according…
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May 21, 2024
Parametric solution planned for Philippines disaster financing deal
The Asia Development Bank (ADB) has proposed a second $500m contingent disaster financing multiyear programme for the Republic of the…
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May 17, 2024
Early construction project engagement critical to mitigate climate risks
A panel during Commercial Risk’s Construction Risk Management Europe Conference urged construction companies to get technical experts involved much earlier…
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May 15, 2024
WTW Research Network collaborates with leading academic researchers
A new collaboration has been launched between the WTW Research Network (WRN) and two leading academic researchers to quantify the…
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May 13, 2024
Brazilian floods put focus on risk prevention failures as climate change hits
Unprecedented floods that hit southern Brazil in the past two weeks have killed more than 100 people and caused levels…
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May 9, 2024
Asian investors urge action on nature-related risk
Asia Pacific’s (APAC) economies are particularly vulnerable to nature-related risks, including biodiversity loss, pollution and fresh water availability, according to…
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May 9, 2024
Belgian mutuals say Europe is ‘relegating’ climate in new legislative programme
A group of Belgian mutuals has accused Europe’s legislators of “relegating” climate, the environment and health issues to the backburner…
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May 9, 2024
Europe’s disaster risk efforts ‘significant’, says UN office
Gaps and challenges in Europe’s disaster risk reduction (DRR) strategies still remain across member states, according to the latest update…
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May 9, 2024
Many of the biggest-emitting countries most exposed to climate risk: Verisk Maplecroft
Thirteen of the world’s largest carbon emitters are at risk from the severest impacts of climate change if no action…
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May 8, 2024
Chubb’s Greenberg calls for prolonged tort reform campaign: Rims Riskworld
Insurers and policyholders must adapt to sustained higher levels of economic inflation and “social inflation”, Evan Greenberg, chairman and CEO…
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May 8, 2024
Macau urged to upgrade flood defences
Heavy rains caused flooding in parts of Macau over the weekend and some residents are calling on officials to evaluate…
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May 7, 2024
Hong Kong IA welcomes World Bank Jamaica ILS deal
The Hong Kong Insurance Authority (IA) has welcomed the World Bank’s second issuance and listing of catastrophe bond in Hong…
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May 7, 2024
Underground climate change puts building owners at risk: Rims Riskworld
Underground climate change is an emerging risk and building owners should review their commercial property policies to determine whether coverage…
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May 7, 2024
European cities urged to adopt stronger climate adaptation as risks grow
Europe’s cities are key to increasing the region’s resilience to the impact of climate change, according to research by the…
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May 3, 2024
Climate shifts – is your business continuity plan ready?
Many risk managers feel they have been in firefighting mode for the last two years, struggling to stay ahead of…
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May 1, 2024
Rising hail losses highlight need for better damage prevention
Insured natural catastrophe losses continue to be driven by hail damage during severe convective storm (SCS) outbreaks in the US,…
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April 29, 2024
Shifting climate litigation against corporates and D&Os ripe for growth
The current shift in climate litigation and ESG regulation means that corporates and D&Os face mounting risk, with things even…
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April 26, 2024
Warmer climate spreading risk of malaria and dengue to new regions
New research from health resilience experts warns that mosquito-borne diseases, including malaria and dengue, are spreading to new regions as…