CLIMATE AND SUSTAINABILITY – Page 9
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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
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Fitch: Wildfires could break records
Rating agency predicts that the wildfires could be costliest ever in US
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Online onlyWildfires continue to rage as losses mount
The sheer number of fires (20) has spread fire fighting resources thin, preventing containment
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Online onlyWildfires continue to rage in California
Fires are “not yet” as severe as those of 2003, when the Cedar Fire alone caused losses of $1.2bn
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Increased property losses "likely" from US fires
Californian fires ravaged 30,000 acres already
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UK Gov only offering "partial flood protection"
RMS has hit out at the £800m promised by the UK Government for additional flood defences
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Online onlySwiss Re launches new climate programme
Initiative will provide financial protection against weather risks in emerging countries
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Online onlyKaren becomes eleventh storm of the season
Tropical Storm Karen could become a weak hurricane by the end of the weekend
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Munich Re launches sustainability portal
Website will be available to public and rating agencies
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Online onlyHumberto makes landfall; Ingrid threatens Bermuda
Economic losses from Humberto are unlikely to exceed $1bn
