All Climate Change articles – Page 5
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NewsH1 nat cat losses reach $65 billion - Munich Re
The US led the loss tally with almost half of overall economic losses in the first six months of 2022, and nearly two thirds of insurance losses
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NewsSCSs drive $39 billion in 1H nat cat claims
Claims were 18% higher than the 21st century average, with Severe Convective Storms accounting for over half of losses
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NewsEuropean wildfires rise 75% YOY
As wildfires have only recently been considered a material peril, the modelling is not as developed, finds Chaucer
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NewsSCOR sheds light on Brazil drought claims
Reinsurer blames climate change for an increase in the frequency and severity of extremely hot and dry events
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NewsRe/insurers adapt underwriting to better price climate risks
Conduct risks such as ‘greenwashing’ stand to be major source of environmental liability claims
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NewsWTW buys climate risk analytics firm
Fintech Butterwire will be integrated into WTW’s Climate and Resilience Hub in Glasgow
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NewsILS capacity will be essential for energy transition risks
Innovative risk transfer solutions will be needed for emerging technologies as energy markets transition, says Neil Eckert
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NewsGallagher Re & Africa Re partner to tackle Africa’s protection gap
Regional drought conditions and the global political environment call for prompt action around resilience and risk transfer solutions
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NewsEvolving black swans are making the industry nervous
Past industry action has demonstrated that insurance companies take these risks ‘very much in their stride’ - Accenture
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NewsSuncorp reveals reinsurance program changes as it braces for further flood claims
The Australian cedant’s natural hazard allowance is expected to increase to $1.2 billion, reflecting losses to date
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NewsThousands evacuate as Sydney floods
Over 30,000 people have been impaced as heavy rain and flooding continues to impact New South Wales
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NewsPool Re warns of ‘perfect storm’ in geopolitics
Power games are increasingly being fought on multiple levels beyond physical conflict, including cyber warfare
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NewsSompo joins Net Zero Insurance Alliance
Insurance giant is the first Japanese firm to join three net zero alliances under the umbrella of the Glasgow Financial Alliance for Net Zero
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NewsIndustry must empower next generation - Glaser
“We need to amplify our talent’s potential” to meet the challenges of a rapidly evolving risk landscape, says Marsh McLennan CEO
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NewsLloyd’s MGA Aura launches parametric solution for the Caribbean
Pay-outs are based on the hurricane category that intersects the insured’s radius location (typically 40 miles)
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NewsLloyd’s targeted by Mary Poppins-themed flash mob
Protestors called on Lloyd’s to take concrete climate action and protect the next generation
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NewsDon’t over-promise on net zero, warns Greenberg
Re/insurers could face ‘greenwashing’ lawsuits if they fail to deliver on climate transition pledges, warns Chubb boss
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NewsWorld’s first carbon insurer launches
Kita’s focus is carbon removal, insuring “carbon delivery risk” to enable carbon removal solutions to scale
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NewsAGCS: Above-average hurricane trend continues
Scientists believe climate change will make hurricanes wetter, increasing the risk of flooding
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NewsClimate change to become a ‘persistent drag’ on profitability
Re/insurers are likely to be able to bear the costs of the transition to net zero - Bank of England
