Catch up on the essential news and analysis from the Insurance Day experts Related Stories Moody’s publishes new system for rating ILS Rate softening continues in energy insurance market: Willis Markel promotes Davies to London market MD
Executives discuss how to turn the insurance lens around to focus instead on the causes – and not merely the… Related Stories What the delay to the IMO’s Net-Zero Framework means for marine insurers Insurers must intervene in the climate debate MS Amlin court win sets major precedent for English contract law
Climate risk shows prevention is better than claims Read More »
Sector leaders call for insurers to ‘speak louder and stronger’ in UN climate talks Related Stories MS Amlin court win sets major precedent for English contract law European insurers face scrutiny over private credit exposures Commercial Court decides principles of claiming interest in re/insurance disputes
Insurers must intervene in the climate debate Read More »
Catch up on the essential news and analysis from the Insurance Day experts Related Stories Atrium to launch second Lloyd’s syndicate Philippines partners with WIllis on parametric insurance for small-scale fishers Philippines launches parametric insurance for small-scale fishers
California Gov. Gavin Newsom declared a planned Trump administration proposal to sell new oil drilling rights off the U.S. West Coast “dead on arrival.” The draft proposal prepared by administration officials, first reported by Bloomberg in October, sets the stage for government auctions of oil and gas leases in U.S. Pacific waters. The administration also
Newsom Calls Trump Offshore Oil Drilling Plan DOA at Climate Summit Read More »
Regulators’ network issues declaration ahead of COP30 in Brazil, as Eiopa warns of ‘insurance deserts’ Related Stories Daily Digest: Private credit exposure in the spotlight, Munich Re profits rise, Gard unveils P&I rate hikes Daily Digest: Private credit exposure in the spotlight, Munich Re on Q3 earnings, Gard offsets rate hikes Climate shocks stunt
NGFS warns of physical risks from ‘climate inaction’ Read More »
Jamaica has invested tens of millions of dollars in bolstering coastal defenses by planting mangroves, building seawalls and strengthening urban infrastructure. It wasn’t close to enough to withstand Hurricane Melissa’s 185-mile-an-hour winds and 13-foot storm surge that destroyed thousands of homes, washed away roads and bridges, flooded farm fields and took down the electrical grid.
Hurricane Melissa Shows How Quickly Climate Change Is Outstripping Defenses Read More »
V20 Sustainable Insurance Facility report will explain how insurance can support developing countries through climate events, and beyond Related Stories NGFS warns of physical risks from ‘climate inaction’ Saudi insurance major launches Riyadh Re Aon launches AI-enabled claims platform
Climate shocks stunt economic growth Read More »
Key Takeaways Redfin found that several counties at the highest risk of flooding had more people moving out than in last year. Counties around Miami, Houston, New Orleans, and Brooklyn were among those seeing the biggest outflows as rising insurance costs and flood risks drive residents away. Living in a flood-prone area can dramatically affect
Companies in Japan are likely to win greater benefits than global peers from spending on climate resilience, according to CDP, an environmental disclosure nonprofit. Businesses in the nation face disruption risks from issues including earthquakes and flooding, while spells of extreme summer heat have seen Japan’s government strengthen safety protections for workers. Japan-based companies spending
Japan Firms Win Big Benefits From Spending on Climate Resilience, CDP Says Read More »