Climate Change
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German insurers upgrading models to include flash floods
German insurers are working to take flash floods into account within their risk models. “The July 2021 flood in particular…
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SEC pauses climate risk disclosure rules pending judicial review
The US Securities and Exchange Commission (SEC) has put a hold on proposed new climate-related disclosure rules pending judicial review.…
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Nature’s fury unleashed: Is your business battle-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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French government considers further changes to nat cat scheme
The French government said it will look into charging companies a different amount under the country’s nat cat regime based…
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Eiopa consults on reassessment of nat cat risks
The European Insurance and Occupational Pensions Authority (Eiopa) has launched a public consultation on reassessing natural catastrophe risks in the…
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Eiopa ready to back PPPs to cope with nat cat risk
Petra Hielkema, chair of the European Insurance and Occupational Pensions Authority (Eiopa), has told chief risk officers at Europe’s leading…
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Climate disclosures will help identify risk but increase scrutiny, says Moody’s
Increased global transparency and standardisation will improve the ability to analyse climate risks and opportunities, but some entities will face…
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Cyber liability and D&O rise on list of German managers’ concerns
German managers continue to perceive cyber as the most significant liability risk for the next 12 months. The dangers of…
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WTW says risk management needs more focus on volcanic eruptions
WTW and the University of Geneva are working to quantify systemic global risks from very large volcanic eruptions, to help…
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Centre for Disaster Protection named coordinator for Global Shield
The UK-based Centre for Disaster Protection has been selected as the coordinator for the technical advisory group (TAG) of the…
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Aon launches physical climate risk exposure assessment tool
A tool that assesses an organisation’s current and future exposures to physical climate risk has been launched by Aon. The…
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Action groups claim landmark greenwashing victory in KLM case
Dutch action groups have claimed a major victory in the fight against greenwashing by the aviation industry. The District Court…
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Corporates gaining confidence in parametric solutions
Martin Hotz, head parametric nat cat, Swiss Re Corporate Solutions , talked to Global Risk Manager about the growing interest…
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BusinessEurope unhappy with revised CSDDD
BusinessEurope, the European confederation that represents 40 national industry and employers’ organisations, is unhappy with the agreement on the EU…
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US Chamber of Commerce sues SEC over climate risk disclosure rules
Business lobby group the US Chamber of Commerce has filed a lawsuit against the US Securities and Exchange Commission (SEC)…
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USAID and WTW working on parametric solution to boost climate change resilience
WTW is working with the US Agency for International Development (USAID) to deliver a parametric solution that will protect and…
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European Council adopts watered down CSDDD
The Belgian presidency of the European Council has finally managed to gain approval for the Corporate Sustainability Due Diligence Directive…
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Soaring climate losses see insurers exit ‘uninsurable’ areas
Insurers are hiking premiums and exiting high-risk areas as a result of a 360% rise in insured losses in the…
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French nat cat carrier posts big technical loss from rising weather events
French state-backed catastrophe carrier CCR recorded a significant technical loss of €112m for 2023 due to heavy natural disasters in…
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More than half of FTSE companies now engaged in tree planting
An estimated 51% of FTSE 100 companies are currently investing in tree-planting initiatives as part of their ESG programmes, according…