The drought could seriously impact food supply and result in water rationing in impacted regions

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

Perils including floods and wildfires are now ‘producing outsized losses’ and triggering reinsurance programmes, Reask's Hassam says

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

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

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

Above-average natural catastrophe losses were driven by a series of harsh European winter storms and severe flooding in Australia and South Africa

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

Models are all about the resilience of the decision-making process. If the risk is changing, we must adapt to it. T

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

Acquisition of fintech firm Butterwire will help the broker manage climate-related financial risk ‘at scale and speed’

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