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Instant Insights / The impact of climate change on P&C insurance

Scientists have built consensus around the probability that more powerful floods, fires, droughts and storms will occur with higher frequency as the Earth gets hotter.

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New York's global warming suit against oil companies tossed

The lawsuit sought to hold five of the biggest oil companies financially responsible for contributing to climate change.

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Legal ruling New York City sued in January, claiming five oil companies are responsible for more than 11% of all the atmospheric carbon and methane pollution since the Industrial Revolution.

(Bloomberg) – A U.S. judge threw out New York’s lawsuit seeking to hold five of the world’s biggest oil companies financially responsible for contributing to climate change.

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