Insurance
Republicans’ anti-ESG attack may be silencing insurers, but it isn’t changing their pro-climate business decisions
Republicans are pressuring insurers out of climate coalitions but won’t change their pro-climate business decisions
Insurer quits climate alliance, citing legal fears
Munich Re has left the Net Zero Insurance Alliance, fearing legal action from politicians in the US Republican party.
Hurricanes and floods bring $120bn in insurance losses in 2022
Hurricane Ian in Florida caused a big chunk of the financial losses while floods in Pakistan, Nigeria and South Africa killed the most people
Storms don’t discriminate, people do – Climate Weekly
Sign up to get our weekly newsletter straight to your inbox, plus breaking news, investigations and extra bulletins from key events
Hurricane Ian could push insurers out of Florida
Facing huge claims and legal bills from climate-driven disasters, insurers may pull out of Florida or charge extremely high prices
Germany promotes insurance-based ‘global shield’ for climate victims
The German initiative aims to fix the flaws in humanitarian aid, but with no new money behind it campaigners are sceptical
Mark Carney backs insurance drive for Paris climate deal
Banking chief joins CEOs of Aviva, AXA and Swiss RE in supporting initiative to help poor countries cope with projected climate threats
Insurers told to pull cover from coal companies
NEWS: Climate risks linked to burning coal should make insurers think again before backing industry, says Jeremy Oppenheim
Climate one of “top risks” facing insurance industry – Mark Carney
NEWS: Bank of England chief defends climate risk investigation against “green claptrap” jibe from Lord Lawson
Swiss RE calls for adaptation drive as extreme weather events rise
NEWS: Insurers on the frontline of climate change say more investment is needed in resilient infrastructure
Flooding could cost UK insurance industry £400 million
Consultants PwC say flooding costs to insurance industry will continue to rise, as government’s new scheme accused of neglecting climate impacts
Downing Street at risk of flooding says UK environment agency
Over 5 million UK homes at risk of flood each year, but climate change ignored in new government flood insurance plan
Lloyd’s insurers mock climate sceptics over ‘global cooling’
Head of exposure at leading insurance brand says ignoring IPCC report is not an option, calling on all regions to think about developing resilience
Connecticut and Minnesota tell insurers to recognise climate risks
US states say they will require insurance companies to reveal how prepared they are to cope with risks related to climate change
Insurance firms press governments on climate adaptation
Industry think tank warns “quasi-irreversible” shift in ocean temperatures will end business as usual and calls for more adaptation investment
Natural disasters cost $160bn in 2012
Hurricane Sandy costliest single event but non-economic losses from agriculture could be felt long into 2013
Australian infrastructure not up to facing new climate reality, according to new report
Unmitigated climate change leaving country with annual infrastructure bill of A$9bn and rising.
Hurricane Sandy: the climate change alert the USA was fearing
The Hurricane Sandy Frankenstorm may not help scientist’s link storm frequency and climate change but it could be a painful demonstration of what New York can expect if extreme weather becomes the norm
Extreme weather cost US insurers $34bn in 2011
Drought, wildfires and flooding pile on pressure as report calls for insurance industry to factor climate change into new models
2011 disasters make it costliest year on record
2011 was one of the costliest years on record in terms of natural catastrophe, 90% of which were weather related.