Climate Risk Management
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Insurance Industry Affected by Climate Change and Increasing Natural Disasters
The consequences of climate change are diverse and are affecting the insurance industry. The physical changes, in other words regional changes in weather patterns in terms of frequency and extent, are one of the consequences of great relevance to reinsurance. Extreme weather events result in high material damage to buildings and infrastructure, as well as […]
HSBC the Latest Bank to Announce End to Fossil Fuel Investments
Global banking giant HSBC has announced it would no longer fund fossil fuel projects, including Arctic drilling, tar sands development, the construction of new coal plants, and hydroelectric projects that are not consistent with guidelines set by the World Commission on Dams. Read the entire article at Triple Pundit. “Our updated energy policy reflects […]
Professional Risk Management: the X Factor for Climate Change Mitigation
In their reports on extreme events during 2017, Munich Re and Swiss Re have estimated worldwide natural catastrophe losses at around $330 billion dollars, the second worst on record. Losses from weather-related disasters were the worst ever, as a result of the hurricanes which hit the United States and Caribbean. It was also a record […]
Scientific Proof Attributing Extreme Weather to Climate Change
The emerging science, that is increasingly able to determine how much of an extreme weather event is attributable to climate change, may drive growth in climate liability suits, according to a new paper published in the Journal of Energy and Natural Resources Law. Read the entire article at Climate Liability News. The paper, by […]
The Risk of Sea Level Rise is Chipping Away at Miami Home Values
Creeping flood waters driven by sea rise have yet to reach the doors of most homes in Miami-Dade, but research shows the looming threat from climate change is already affecting their value. And not in a good way. Read the entire article at The Miami Herald. New data from Harvard University and the University […]
The Green Bond Pledge – Building Sustainable Infrastructure for Everyone
Now that renewable energy technology is maturing, the low carbon economy of the future is in sight. The main challenge is how to focus global financial firepower on the kind of civic infrastructure needed for a sustainable future. That’s a formidable task, but a new “Green Bond Pledge” could provide corporations, as well as government […]
Insuring Nature to Ensure a Resilient Future
What’s happening on a 60-kilometer stretch of coastline on Mexico’s Yucatan peninsula may change how the world values its coral reefs. Read the entire article at The Nature Conservancy. In 2005, Mexico’s Caribbean coast was struck by two hurricanes, causing USD$8 billion in damages and closing hotels and other businesses in Cancún long […]
400 Companies Commit to Sustainability Policies
Record numbers of the largest and most influential companies in the US are committing to ambitious sustainability policies. The report, tagged Turning Point, was published by the Boston-based non-profit sustainability consultancy Ceres. Read the entire article at TriplePundit. The findings, following up on an original 2014 assessment, show that nearly two thirds of the more […]
Intelligence Agencies Warn of Climate Risks in Worldwide Threat Assessment
Intelligence officials testified before a Senate committee about global threats. They included: FBI Director Christopher Wray, CIA Director Mike Pompeo, National Intelligence Director Dan Coats, Defense Intelligence Agency Director Robert Ashley, National Security Agency Director Michael Rogers and National Geospatial Intelligence Agency Director Robert Cardillo. Read the entire article at Inside Climate News. […]
Tech Startup Helps Businesses Mitigate Vulnerability to Increasingly Severe Weather
The climate is changing, storms are becoming more intense, and more people and property than ever are in harm’s way. Three of the costliest five hurricanes on record, Harvey, Irma, and Maria, struck U.S. shores in 2017 at a price tag of over $200 billion. Read the entire article at The Washington Post. The […]
