
Sustainability

Drought declared in eight regions of England
The drought could seriously impact food supply and result in water rationing in impacted regions

FM Global allocates $300m ‘resilience credit’ for climate change
The credit has the potential to help policyholder reduce total loss expectancies related to wind, flood and wildfire exposures caused by human-induced climate change

Climate change 'eroding primary and secondary perils distinction'
Perils including floods and wildfires are now ‘producing outsized losses’ and triggering reinsurance programmes, Reask's Hassam says

Losses from historic rains and flooding in central US to top $1bn: Aon
A ‘sizeable’ portion of the losses is likely to be uninsured as a result of low take-up of coverage under the National Flood Insurance Program, broker says

Competition, collaboration and the Commonwealth
The threat of climate change will require a collaborative approach both to deal with its effects and take measures to reduce carbon emissions, but insurers may need to work around anti-competition laws to do this

Fidelis joins ClimateWise
Bermuda-based firm is latest company to join sustainability initiative and pledges to report annually on its response to climate change

Catastrophes cost insurers $38bn in H1
Above-average natural catastrophe losses were driven by a series of harsh European winter storms and severe flooding in Australia and South Africa

FRC and FCA find further improvements needed under new climate disclosure rules
FCA review of 170 companies finds instances where companies reported they had made disclosures consistent with the TCFD’s recommendations when it appears they had not

'Four challenges when quantifying the impacts of climate change'
Models are all about the resilience of the decision-making process. If the risk is changing, we must adapt to it. T

Scor faces €200m Brazil drought loss
Brazil has suffered from its worst drought in more than 90 years, with soybean farmers in southern Brazil expected to losing 90% of their crops

WTW acquires AI firm to bolster climate risk analytics
Acquisition of fintech firm Butterwire will help the broker manage climate-related financial risk ‘at scale and speed’

Insurers’ models not flexible enough to calculate climate risk, BoE warns
Insurers are failing to consider the risk of flooding and potential losses from perils including storm surge, BoE financial policy committee member Anil Kashyap says
You must sign in to use this functionality
Authentication.SignIn.HeadSignInHeader
Email Article
All set! This article has been sent to my@email.address.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.