All Climate crisis articles
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News2022 nat cats set new records with $120 billion in claims
Hurricane Ian accounted for half of insured losses, making it the second most costly storm in history - Munich Re
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Climate change justifies 50% property cat rate hikes - EY
Cat events have cost UK re/insurers more than double over the past six years than the preceding decade
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Fresh protests in the City over controversial coal project
It follows a tip-off that Probitas1492 is insuring the Adani Carmichael’s thermal coal project rail line, haulage operation and port
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RSA launches low-carbon underwriting policy
Insurer has committed to achieving an underwriting portfolio for energy production that is over 75% low carbon by 2030
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IDF calls for 'convergence' of insurance and disaster risk management
As key milestones announced at COP27, IDF heralds the industry’s ability to influence “systemic change”
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Munich Re announces major new oil and gas policy
As of 1 April 2023 reinsurer will no longer invest in or insure projects exclusively covering new oil and gas fields
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Thousands 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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Lloyd’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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Geneva Association appoints new board members
Association has become a supporting institution of UNEP-FI’s Principles for Sustainable Insurance
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World’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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Climate crisis: Re/insurers must overhaul business models
Just 8% of insurers are resilience champions while 73% of policyholders rank climate among their top concerns
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Wildfires threaten New Mexico resorts
More than 300 properties in New Mexico and 500 in Orange Country have been destroyed so far
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ILS a key solution to climate crisis - MAS
21 ILS transactions have been launched in Singapore since 2018, including a growing number by Asian cedants
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Climate protesters block Lloyd’s entrance
Extinction Rebellion has blocked access to the market as it calls on re/insurers to stop insuring fossil fuel projects
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O’Donnell is named chair of ClimateWise
Kevin O’Donnell, president and CEO of RenaissanceRe, will head up the industry climate action body
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Climate crisis is ‘biggest long-term threat facing humanity’
Worries around climate change and the associated risks dominate global concerns, according to the latest report by international non-governmental and lobbying organisation the World Economic Forum (WEF).
