Climate Change
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September 19, 2023
European Parliament adopts position on critical raw materials
The European Parliament has adopted its position on boosting the supply of strategic raw materials, which it says is crucial…
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September 15, 2023
Chubb-led Lloyd’s consortium launches for lithium battery cargo risks
Chubb is leading a new Lloyd’s consortium that will provide capacity for marine cargo risks arising from the transit of…
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September 14, 2023
Zurich calls for bolder climate policies to support net zero targets
Most companies (77%) across key sectors have a net-zero plan in place, according to research from Zurich Insurance, with 70%…
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September 13, 2023
Exposure growth, not climate change, is driving storm losses: Aon
Exposure growth accounts for the lion’s share of increased convective storm losses, with climate change playing a relatively small role,…
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September 13, 2023
Heat and floods risk wiping $65bn from clothing exports
Extreme heat and flooding in four of the world’s largest fashion manufacturing countries puts at risk an estimated $65bn in…
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September 13, 2023
FM Global releases $350m credit for clients’ climate resilience projects
FM Global said it will distribute a $350m resilience credit to its clients to invest in risk mitigation measures against…
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September 13, 2023
Zurich and KPMG partner on climate change advisory services
Zurich and KPMG have entered a strategic collaboration to provide climate change advisory services. The partnership between Zurich Resilience Solutions,…
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September 12, 2023
Eiopa hints again at lighter treatment for captives under SII review
Petra Hielkema, chair of the European insurance and Occupational Pensions Authority (Eiopa), gave further evidence that captives and other smaller…
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September 9, 2023
Climate change tops list of concerns in Netherlands
Climate change is the main concern for Dutch risk and insurance managers, according to leading members of Narim taking part…
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September 7, 2023
GVNW urges insurers to focus on coverage for green transition
The German risk and insurance management association (GVNW) would like to see insurers focus on delivering new coverages for innovations…
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September 7, 2023
Insurers face challenges over weather-related risk as reinsurers pull back
Insurers are facing larger and more unpredictable weather-related losses as a result of growing insured exposures, high reconstruction costs and…
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September 6, 2023
Industry launches new backstop for Red Cross disaster relief fund
A new €21m insurance backstop has been agreed for the Disaster Response Emergency Fund (DREF) operated by the International Federation…
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September 6, 2023
CelsiusPro strengthens parametric focus with Global Parametrics deal
CelsiusPro AG, the Zurich-based parametrics insurtech firm, has announced the acquisition of London-based Global Parametrics Holding Company. The firm, which…
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September 5, 2023
PPPs needed in Italy and at European level to tackle climate change risk
Public private partnerships (PPPs) are seen as an increasingly important tool to help build resilience at national level for a…
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August 31, 2023
Activists target nine Lloyd’s insurers in EACOP protest
Climate protestors targeted the offices of nine Lloyd’s managing agents to try to force the insurers to rule out covering…
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August 10, 2023
Climate litigation doubles since 2017, says United Nations
Climate litigation has doubled since 2017 and is growing worldwide, according to a United Nations report. It said climate litigation is becoming…
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August 2, 2023
Mapfre partners with Lobelia Earth on climate change portfolio assessment pilot
Spanish insurer Mapfre has partnered with climate data firm Lobelia Earth to explore the ability to predict the impact of…
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July 27, 2023
Act presented in US Congress to force insurers to disclose fossil fuel support
Democratic congressman Adam Schiff and congresswoman Rashida Tlaib have introduced the Polluter Portfolio Disclosure Act, which would require insurance companies with more than…
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July 25, 2023
ClientEarth to appeal Shell ruling that absolves directors of environmental liability
ClientEarth said it will appeal the UK High Court’s decision after the action group lost its case against Shell’s board…
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July 20, 2023
TMHCCI adds greening endorsement for overseas Japanese subsidiaries
Tokio Marine HCC International (TMHCCI) has added a free green upgrade endorsement to commercial property polices held by subsidiaries of…