CLIMATE AND SUSTAINABILITY – Page 8
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‘Above norm’ storms prediction reduced
2008 will be 20% higher than standard rather than previous forecast of 35% higher
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Online onlyClimate pioneer John Coomber awarded
The Worshipful Company of Actuaries’ award recognises the former Swiss Re CEO's climate contributions
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Be prepared for a big storm season - Aon
Risk managers and insurers should have “robust strategies” in place
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Tornadoes rip through Virginia
State of emergency declared following 'worst Virginia tornadoes in 60 years'
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Online onlyLloyd’s chairman meets Gov Schwarzenegger
Climate change and collateralisation at the top of the agenda
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Swiss Re firm to manage Carbon Credit Fund
The fund is currently investing in the carbon credits produced by so-called "post Kyoto" projects
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PCI says no to NAIC climate risk disclosure framework
Disclosure proposal is not the appropriate tool to bring greater transparency, argues PCI
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Online onlyMunich Re joins forces with CarbonRe
The partnership will protect the buyers of carbon credits and renewable energy projects among other things
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US tornado losses already exceed $1bn in 2008
Could AM Best's review provide a grim forecast of weather losses to come?
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Munich Re foresees growing catastrophe claims in India
'In coming decades, the effects of climate change will make themselves felt particularly in emerging markets'
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Online onlyCalifornia wildfire risk increasing, says RMS
Costing $2.5bn in California alone, 2007 was one of the costliest wildfire seasons ever
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Ireland pledges $2.4m to Caribbean cat pool
Almost $70m raised in the Caribbean Catastrophe Risk Insurance Facility's first year
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Online onlyNew study pinpoints danger of sea surface warming
Benfield scientists say sea surface warming was responsible for about 40% of the increase in Atlantic hurricane activity
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Swiss Re moves carbon emissions desk to UK
Move due to London becoming "epicentre for carbon markets"
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Allstate results hit by wildfire losses
Insurer’s fourth quarter results hit by 7,000 claims costing over $300m
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Online onlyRMS: Climate change will amplify flood exposures
By 2070s 150 million people will be at risk; exposed assets in Miami alone will be over $3.5trn
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Online onlyMoody’s: Wildfires serve as a warning
Recent wildfires could be the costliest in history; insurers could face more severe events in the future
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Wildfires to have limited ratings impact
Insured losses may modestly weaken full year operating results, warns AM Best
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Online onlyAIR: Wildfire losses likely to exceed $1.2bn
Between 500,000 and 1 million people have been forced from their homes
