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Earth Day: An annual call to action for the insurance industry
Elana Ashanti Jefferson | April 22, 2021
No group is better-suited to fuse science, economics and political muscle to devise lasting solutions to the climate crisis than the insurance industry.
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Applying the lessons from COVID-19 to climate change
Robert Muir-Wood | April 20, 2021
If our eyes have been opened by the experience of the pandemic, maybe we can better anticipate the exponential harms caused by climate change?
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Climate crisis demands a new insurance industry
Preston Nanney, CPCU | April 19, 2021
There remains an unspoken hope things will either return to normal or that the economy will naturally adapt to worsening weather events.
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The case for ESG investing and its adoption by P&C insurers
Sean Kurian | February 26, 2021
Investors new to this space would be well served to partner with an expert who can help them navigate the landscape.
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2020 natural catastrophes triggered $268B in economic losses globally
Danielle Ling | January 29, 2021
The U.S.'s $119 billion economic loss total is a 59% increase from 2019, and 28% higher than the decade average.
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How climate change is impacting hurricane risk
Danielle Ling | January 22, 2021
Climate-related risks are among the top threats facing P&C and the world at large, and insurers have a critical role to play in mitigating them.
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Climate change-driven flooding caused the U.S. $78B in damages in the last 30 years
Danielle Ling | January 15, 2021
In the last year alone, natural disasters in the U.S. created $22 billion in damages, NOAA reports.
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How insurance must adapt to catastrophic weather trends
Rich Poirier | December 17, 2020
Beyond the heart-wrenching impact of major storms and fires, changes in climate are affecting insurance considerations and costs for policyholders.
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How climate change will impact insurers in 2021
Steve Hallo | December 10, 2020
Regulators are expected to move the industry to create new insurance products to mitigate the risks from climate change, while also increasing scrutiny.
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Liberty Mutual faces backlash for 'fueling the climate crisis'
Heather A. Turner | October 20, 2020
Despite the insurer's move to restrict coal coverage, its policies fail to achieve 'meaningful action to address climate change,' say activists.
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When climate change makes wildfires worse, Americans suffer
Eric Roston | June 30, 2020
A new approach to tracking smoke shows it may cause as much damage as rising temperatures.
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Most Americans believe climate change is worsening storms
Danielle Ling | June 25, 2020
Nearly three in four Americans also fear climate change is putting their homes at greater risk.
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Insurance industry can find economic opportunity in climate change
Rosalie Donlon | May 14, 2020
The insurance industry should take changing climate risks into consideration when making financial decisions and seizing opportunities.
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Warmest oceans on record adds to hurricane, wildfire risks
Brian K. Sullivan | April 27, 2020
Forecasters say the global warming effect may generate a chaotic year of extreme weather ahead.
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Why the insurance industry must stop supporting fossil fuels
Kevin McComber | April 22, 2020
When it comes to tackling climate change, insurance companies are in a position to lead the business world in the right direction.
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Insurers prepare for impending disasters
Ken Brownlee, CPCU | April 17, 2020
Some new perils are covered by insurance and others are existing ones that have been magnified in the 21st century.
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Demonstrators call for insurance to act on climate change at NAIC meeting
Heather A. Turner | August 06, 2019
At NAIC's first meeting since Chubb's new coal policy, demonstrators called for insurers to cut ties with fossil fuels.
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Climate change and cybersecurity put insurers to the test
Nathaniel Bullard | July 01, 2019
The Bank of England’s Prudential Regulation Authority has begun its latest stress test for general and life insurers.
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How ESG risks are increasingly affecting insurers’ credit profiles
Heather A. Turner | July 11, 2019
Evolving regulations, climate change and shifting demographics are becoming increasingly important to insurers and their credit ratings.
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Meteorologists and insurers forge a new partnership
Tim Bowen | June 05, 2019
Insurers are turning to meteorologists to gain a deeper understanding of weather’s impact on customers and their property.
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Hailstorms are getting more expensive, and no one knows why
Brian K. Sullivan | June 17, 2019
It remains unclear whether the size of hail has anything to do with the rising costs.
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Which U.S. cities face the highest risk from climate change?
Amanda Albright and Danielle Moran | May 22, 2018
Miami Beach is the most exposed city and Manatee County is the most-exposed county.
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13 U.S. cities actively fighting climate change
Jeremy Hodges and Demetrios Pogkas | May 16, 2019
Almost two-thirds of global emissions come from cities.
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Catastrophe planning: Ensuring calm during the storm
Michelle McLaughlin | May 01, 2019
What your clients need to know about minimizing their commercial catastrophe claims.
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Intensifying weather events are driving higher losses for insurers
George Hosfield | April 25, 2019
Across the country, loss costs increased 19% over the previous year.
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Climate change, insurance gaps a way-of-life illusion in Calif. and U.S.
Liam Denning | March 01, 2019
Under-insurance may well be a national epidemic.
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Insurers worry a financial crisis may come from climate risks
William Wilkes | February 22, 2019
A new ClimateWise report recommends investors take more thorough inventories of real estate, making logs of flood risks.
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Blue-sky floods take a rising toll for businesses in Annapolis
Eric Roston | February 15, 2019
As sea levels rise, these 'nuisance floods' are becoming more common.
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World's driest desert floods as extreme weather conditions mount
Daniela Guzman | February 08, 2019
The world’s driest desert is flooding and some of the planet’s wettest woodlands are burning. Welcome to summer in Chile.
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World's four warmest years have occurred since 2015, U.S. says
Brian K Sullivan | February 06, 2019
In addition to temp records, the U.S. suffered $91B in losses from weather events in 2018, the 4th most since 1980.
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Climate change related losses and other event-driven litigation risks
Howard B. Epstein and Theodore A. Keyes | February 05, 2019
Insureds and insurers need to address and plan for the full scope of risk from climate change-related events.
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Climate change won’t stop East Coast’s worst storms, study finds
Brian K Sullivan | January 24, 2019
Climate change may melt away smaller snow storms but it won’t be able to hold back more powerful East Coast systems.
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Firms tally climate risk
Christopher Flavelle | January 22, 2019
New disclosures show that the country’s largest companies are bracing for the effects of climate change.
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Pentagon warns of dire risk to bases, troops from climate change
Tony Capaccio, Jennifer A. Dlouhy and Ari Natter | January 18, 2019
U.S. military facilities are already encountering some of the effects of climate change.
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California fires now rage all year as drought creates tinderbox
Brian K. Sullivan | January 17, 2019
The never-ending fire season stems largely from a years-long drought that gripped much of California before easing in 2017.
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In a slow market, natural disasters fuel elevated home maintenance activity
Danielle Ling | May 16, 2019
After 6 months of a slowing housing market, gains in home maintenance activity can be linked to storm-related repairs.
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Insurers promoting resilience can save lives, properties
Sam J. Friedman | February 12, 2019
Calls for personal and societal investment in catastrophe loss control, adaptation and resilience too often fall on deaf ears.
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Environmental impairment risk continues to rise
Arthur Lu | February 11, 2019
Emerging risks are changing the types of coverage required to mitigate the financial impact of an environmental incident.
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PG&E warned investors about weather-related disasters. It was mostly ignored
Molly Smith, Emily Chasan and Janine Wolf | January 16, 2019
The company included warnings in its regulatory filings citing how disasters could weigh on its results or disrupt its ops.
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How climate change cheats businesses, insurers
Mark Buchanan | December 26, 2018
Companies concerned with pressing challenges may not be accurately disclosing to investors the risks they face due to climate change.
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Comprehensive insurance plans: Strategies for small business owners
Joe Jonas | November 29, 2018
As natural disasters intensify, small business owners should turn to comprehensive insurance plans for protection.
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6 preparedness tips for severe weather events
Danielle Ling | November 28, 2018
The majority of Americans say they feel more at-risk of an extreme weather event than ever before. Here's how to prepare.
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Fire-resistant homes don't have to cost a fortune, report says
Christopher Flavelle | November 27, 2018
Homes in wildfire-prone areas could be built to better withstand blazes without increasing the cost of construction.
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Climate may force millions to move and U.S. isn't ready, report warns
Christopher Flavelle | November 23, 2018
Global warming may push millions of Americans away from the coast, and the U.S. isn’t prepared for the consequences.
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The new reality of North America wildfire
Chris Folkman | November 15, 2018
Wildfire risk will remain high, and exposure in high-risk areas will continue to grow.
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People — and cities — are making hurricanes worse, research shows
Eric Roston | November 14, 2018
Human activity is making hurricanes worse, according to a pair of studies published on Wednesday in the journal Nature.
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Devastating storms seen spurring action on disaster preparation
Christopher Flavelle | October 16, 2018
The latest scenes of destruction from Hurricane Michael could generate better laws and regulations around the country.
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Venice sees worst flooding in 10 years as deadly weather events hit Italy
Danielle Ling | November 01, 2018
Extreme weather caused at least 11 deaths as of Wednesday afternoon.
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Fire-plagued California facing more climate-change risks
Eric Roston | August 29, 2018
Two-thirds of California’s beaches may be washed away by the end of the century, according to the latest forecast.
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Climate change has already hit home prices, led by Jersey Shore
Christopher Flavelle | August 23, 2018
Sea-level rise is already hitting home prices along the Atlantic Coast, new data shows.
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IAIS calls on insurers to intensify climate risk scrutiny
Steven A. Meyerowitz | August 17, 2018
The group aims to raise awareness for insurers of the challenges presented by climate change and how to respond.
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City climate change suits against big oil tossed by judge
Peter Blumberg and Robert Burnson | June 26, 2018
The suits thrown out Monday sought to recover the cost of infrastructure needed to protect against rising sea levels.
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New York's global warming suit against oil companies tossed
Bob Van Voris and Kevin Crowley | July 19, 2018
The lawsuit sought to hold five of the biggest oil companies financially responsible for contributing to climate change.
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Putting climate change into numbers: Why 300,000 homes are at risk
Danielle Ling | June 21, 2018
A new study predicts how rising sea levels and chronic flooding will reshape coastal communities over the next century.
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Taxpayers in the Hamptons among the most exposed to rising seas
Danielle Moran | June 20, 2018
The states of Florida and New Jersey have the most to lose from rising sea levels, new data finds.
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Hurricane-proof homes are real. Why isn't anyone buying them?
Christopher Flavelle | June 20, 2018
Architects & engineers are designing homes that can deflect hurricane winds, rise with flood waters & survive wildfires.
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Calif. issues first ever stress test to evaluate climate risks to insurers
Danielle Ling | May 09, 2018
Despite legal threats, Commissioner Dave Jones moved forward with his climate-risk initiatives.
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Latest climate threat for coastal cities: more rich people
Christopher Flavelle | April 23, 2018
Hurricanes and floods disproportionately damage lower-cost homes, which tend to be older and more vulnerable to water and wind.
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How climate change risks outweigh opportunities for P&C insurers (Video)
Danielle Ling | April 13, 2018
A report from Moody's Investors Service, 'Climate change risks outweigh opportunities for P&C (re)insurers,' analyzes the increasing risks for P&C companies.