Climate Risk Management
Page 2
Climate Change Will Raise Property Insurance Premiums Beyond Peoples’ Ability to Pay
Insurers have warned that climate change will make coverage for ordinary people unaffordable after Munich Re, the world’s largest reinsurance firm, blamed global warming for $24bn of losses in the Californian wildfires. Read the entire article at The Guardian. Ernst Rauch, Munich Re’s chief climatologist, told the Guardian that the costs could soon be […]
Avalanches Menace Colorado as Climate Change Raises the Risk
Hundreds of avalanches have roared down mountainsides and some swept over highways in recent weeks. Mountain regions in the U.S. and Europe are preparing for more. Read the entire article at Inside Climate News. Against the backdrop of an 800-foot high mountain wall scarred by avalanches, Arapahoe Basin mountain operations director Tim Finnigan says […]
Miami Taxpayers Vote to Fund Climate Adaptation
Climate change is not a distant threat for Miami; it’s a daily presence in people’s lives. The city has been fighting to stay above water for decades. It knows that its future as a vibrant international hub for business, tourism, arts and culture depends on making the city more resilient to the impact of global […]
Morgan Stanley Issues Warning re Climate Change
While governments and corporations are starting to protect themselves from the impacts of climate change, Morgan Stanley says private businesses need to do more. Read the entire article at AXIOS. What to watch: The investment bank’s strategists are recommending companies strongly consider preparing for a world with more frequent and intense weather events, […]
Climate Economic Risks Threaten Systemic Collapse
The gathering storm of human-caused threats to climate, nature and economy pose a danger of systemic collapse comparable to the 2008 financial crisis, according to a new report that calls for urgent and radical reform to protect political and social systems. Read the entire article at The Guardian. The study says the combination of […]
Insurance Industry Increasingly Concerned about Climate Risks
Major insurance carrier AXA has been surveying risk professionals for five years on their key emerging risks. Climate change has always ranked high. But this year’s survey produced a stunning result: of the 1,235 risk professionals, including 1,060 AXA employees all over the globe, the percentage of respondents pointing to climate change as their key concern rocketed up […]
Civilization 6: Gathering Storm Video Game Teaches Climate Science
Your civ is thriving, but your planet is dying. Do something! Read the entire article at PC Gamer. Civilization 6 will get eight new Civilizations and nine new Leaders in the upcoming Gathering Storm expansion, along with some big changes to its core systems and a major late-game challenge to deal with in the […]
Google’s New Tool to Fight Climate Change
In the next decade or so, more than 6,000 cities, states, and provinces around the world will try to do something that has eluded humanity for 25 years: reduce their emissions of greenhouse gases, which warm the atmosphere and cause climate change. Read the entire article at The Atlantic. So where will they start? […]
Corporations Assess Risks / Opportunities in the Age of Climate Change
Bank of America worries flooded homeowners will default on their mortgages. Disney is concerned its theme parks will get too hot for vacationers. AT&T fears hurricanes and wildfires may knock out its cell towers. Coca-Cola wonders if there will still be enough water to make Coke. Read the entire article at Bloomberg. As the […]
Investment Funds Urge Action on Climate Change
A global group of 415 investors managing $32 trillion in assets just released a combined statement urging governments to accelerate their actions to mitigate climate change. Read the entire article at Forbes. The group warns that ignoring action against climate change could cause permanent economic damage up to four times the size of the […]
