The Elephant

The climate change and environmental emergency: a comprehensive resource for journalists, politicians, policy makers, activists and citizens

Topic: Insurance


Related Articles (114)

Hiscox chief says rising insurance prices a ‘stark signal’ on building risks

  2024-08-21 (or before) in Financial Times

  Tagged under: Insurance | Risks


When will climate change turn life in the U.S. upside down? » Yale Climate Connections

  2024-08-19 by in Yale Climate Connections

Intensifying extreme weather events and an insurance crisis are likely to cause significant economic and political disruption in the U.S. sometime in the next 15 years.

  Tagged under: Insurance


'Adverse weather': Insurance industry reports record level of payouts as climate impacts bite

  2024-08-14 in Business Green

Association of British Insurers confirmed industry paid out £1.4bn during the second quarter, with weather impacts fuelling record level of claims

  Tagged under: Insurance


Hurricane Debby Is Fading; Florida’s Hellish Insurance Crisis Isn’t

  2024-08-14 (or before) in The New Republic

  Tagged under: Insurance


Climate crisis helped drive payouts to seven-year high, say insurers

  2024-08-12 in The Guardian

Weather-related claims hit £144m in second quarter of 2024 and total payouts rose by 5% to £1.4bn

  Tagged under: Insurance


‘Left with nothing’: inside California’s wildfire home insurance crisis

  2024-08-10 in The Guardian

As California sees increasingly devastating fires, Butte county residents lose their insurance – and homes

  Tagged under: Insurance


Chubb Drops Rio Grande LNG Insurance - Insure Our Future US

  2024-08-06 by in us.insure-our-future.com

Chubb dropped the controversial Rio Grande LNG project after months of organizing from community members, including the Carrizo/Comecrudo Tribe, whose sacred sites would be desecrated by the project.

  Tagged under: Insurance


Crop Insurance Won’t Let Some Farmers Adapt to Climate Change - Bloomberg

  2024-07-28 in Bloomberg

Growers looking to transition to regenerative agriculture are running into a federal insurance barrier.

  Tagged under: Insurance


Climate Crisis Triggers Dangerous Domino Effect: Insurance, Housing, Financial Crises - Center for International Environmental Law

  2024-07-23 by in ciel.org

As insurers seek to limit their exposure to climate-induced weather events, insurance premium increases and policy nonrenewals are making housing more unaffordable in the process.

  Tagged under: Insurance


House On Fire: Why The U.S. Has Most To Lose In A Warming World

  2024-07-22 by in Forbes

Home insurance is set to rise across the U.S. as hazards intensify. The firms that insure the insurers are in no doubt about the root cause of the problem.

  Tagged under: Insurance


Hurricane Beryl batters Europe’s insurance stocks

  2024-07-02 by in marketwatch.com

Category 5 storms intensity and timing suggests a potentially extended and costly Atlantic storm season

  Tagged under: Insurance


US Home Insurance Priced Too Low for Climate Risks: Swiss Re Chair - Bloomberg

  2024-07-01 in Bloomberg

Jacques de Vaucleroy said despite recent increases, premiums will have to climb further to encourage risk aversion.

  Tagged under: Insurance | Risks


Housing insurance is melting down in several property markets as climate change renders old assumptions obsolete | Fortune

  2024-06-26 in Fortune

The first time a property floods, its an insurance problem, and maybe the second time, but after that, its an equity and debt problem.

  Tagged under: Insurance


Allstate Reports May Pretax Catastrophe Losses of $1.4B

  2024-06-20 by in Insurance Journal - Property Casualty Insurance News

Allstate Corp. on Thursday reported May pretax catastrophe losses of about $1.4 billion. The Northbrook, Illinois-based insurer said 14 events contributed

  Tagged under: Insurance


Fossil fuel mining risks – how much can insurance really cover?

  2024-06-18 (or before) in insurancebusinessmag.com

"It's not coverable, not anywhere in the world," says expert

  Tagged under: Insurance


SONAR 2024: New emerging risk insights | Swiss Re

  2024-06-15 (or before) in Swiss Re

Explore SONAR 2024's new emerging risk insights on emerging risks shaped by global dynamics, fostering a proactive approach to tomorrow's challenges.

  Tagged under: Insurance | Risks


Swiss Re warns of 'cascading' climate risks to supply chains and society

  2024-06-14 in Business Green

Insurance giant highlights raft of interconnected emerging risks linked to climate change that threaten to trigger business losses and economic slowdown

  Tagged under: Insurance


The uninsurable world: how the insurance industry fell behind on climate change

  2024-06-03 (or before) in Financial Times

Surge in floods and fires has caught out the insurance industry and added an ‘uncertainty factor’ to premiums

  Tagged under: Insurance


Extinction Rebellion among groups set to protest at Biba conference

  2024-5-7 in insurancetimes.co.uk

'There will be dramatic performances to get across the message,' says protester

  Tagged under: UK | Insurance | Activism | Extinction Rebellion


Florida Home Insurers With Lax Ratings Pose New Property Risk - Bloomberg

  2024-04-24 in Bloomberg

A rash of failures of A-rated insurers points to a hidden weakness in the market, researchers say.

  Tagged under: Insurance


Insurance companies abandoning victims of Medical Lake and Elk wildfires

  2024-04-18 in spokesman.com

Eight months after the fire, some companies are dropping clients, telling others they won’t be renewed or, even in cases of homeowners who avoided damage, raising monthly rates to impossible levels.

  Tagged under: Insurance


Weather-related home insurance claims reach record high

  2024-4-15 in insurancetimes.co.uk

'Insurers continue to be there for affected homeowners, with payouts hitting record levels,' says policy adviser

  Tagged under: Insurance


A Key US Inflation Metric Doesn’t Count Homeowners Insurance - Bloomberg

  2024-04-09 in Bloomberg

Soaring home insurance premiums could have added about 0.8% to last year’s consumer price index increase of 3.4%, according to Bloomberg Intelligence.

  Tagged under: Insurance


Insure Our Future Responds to Zurich's New Oil and Gas Exit Policy - Insure Our Future Global

  2024-04-08 by in Insure Our Future

Zurich, 8 April 2024 – In a Bloomberg story today, the Zurich Insurance Group today announced major new fossil fuel restrictions, excluding the underwriting of new oil and gas extraction and metallurgical coal projects. The Insure Our Future campaign and its Swiss member Campax welcomed the news and called on AIG, Tokio Marine and the big Lloyd’s …

  Tagged under: Insurance


US Home Insurance Premiums May Hit a Record This Year, Report Warns - Bloomberg

  2024-04-01 in Bloomberg

The average premium for US homeowners insurance is expected to hit $2,522 this year, up 6% from the end of 2023. Premiums in Florida will approach $12,000.

  Tagged under: Insurance | Oceans


Climate change is fuelling the US insurance problem

  2024-03-18 in BBC

Extreme weather events are making it hard to insure homes in certain parts of the US. What happens when insurance companies simply stop insuring?

  Tagged under: Insurance


State Farm Underwriting Loss Climbs to $14B - Carrier Management

  2024-03-13 (or before) in carriermanagement.com

When State Farm reported a $13 billion underwriting loss for 2022, it was the largest in the auto insurance giant’s history. A year later, and another record. The underwriting loss figure climbed to $14 billion for 2023, with a nearly $5 billion underwriting loss for property lines outpacing almost $4 billion of improvement in State … Continued

  Tagged under: USA | Insurance


Jerome Powell just revealed a hidden reason why inflation is staying high: The economy is increasingly uninsurable

  2024-03-12 in Fortune

Housing and auto insurance costs are soaring because of climate change and more expensive car parts, says Fed Chairman Jerome Powell.

  Tagged under: USA | Economics | Climate Change Impacts | Insurance


Washington’s Insurance Commissioner urges companies to work with fire victims - The Columbian

  2024-03-07 in columbian.com

SPOKANE — Washington state Insurance Commissioner Mike Kreidler announced Wednesday that he sent letters to insurers in the Spokane area urging them to make it easier for victims to file claims result

  Tagged under: Forest Fires | Insurance | Washington State


There’s a New Financial Crisis Brewing in Uninsurable US Homes

  2024-03-06 in Bloomberg

In places most prone to wildfires and hurricanes, state “insurers of last resort” are absorbing trillions of dollars in risk.

  Tagged under: USA | Insurance | Colorado State | Florida


California's insurance crisis is spiraling out of control

  2024-03-01 in Newsweek

The withdrawal of American National from the state is set to leave tens of thousands without coverage.

  Tagged under: California | Insurance


Map shows 9 states where homeowners are losing their insurance

  2024-03-01 in Newsweek

American National Group said it will pull back from offering homeowners insurance policies in nine states.

  Tagged under: Insurance


Risk Exposure: The insurers secretly backing the methane gas boom in the U.S. Gulf South - Insure Our Future Global

  2024-02-21 by in Insure Our Future

Report with FOIA information reveals which insurers are part of the biggest fossil fuel buildout of this generation Houston, Texas –  At least 35 different insurance companies are responsible for underwriting liquified methane export terminal projects across the U.S Gulf South, according to a report released today by Rainforest Action Network and Public Citizen. The …

  Tagged under: Insurance | Methane


The uninsurable world: what climate change is costing homeowners

  2024-02-13 in Archive Today - web archive

Rising premiums are a de facto ‘carbon price’ on consumers as extreme weather events become more frequent

  Tagged under: Insurance


What homeowners need to know as insurers leave high-risk climate areas

  2024-02-05 in CNBC

Insurance companies are reducing coverage in climate-dangerous markets, leaving many homeowners without affordable property insurance options.

  Tagged under: Insurance


What are the odds that extreme weather will lead to a global food shock? » Yale Climate Connections

  2024-01-25 by in Yale Climate Connections

The insurance giant Lloyd's evaluated the risks in a recent study.

  Tagged under: Insurance


Banks decline mortgage applications in ‘climate change credit crunch’

  2024-01-22 (or before) in The Telegraph

Homes are becoming uninsurable and unsellable due to flooding and subsidence risks

  Tagged under: Insurance | Net Zero


Bill McKibben On Global Heating, Capitalism, Insurance, And Social Friction - CleanTechnica

  2024-01-13 by in Cleantech News Ñ #1 In EV, Solar, Wind, Tesla News

Bill McKibben is musing about what happens to the global economy as insurance companies decline to offer coverage in some areas.

  Tagged under: Economics | Insurance | Capitalism


The Doom Loop | Advait Arun

  2023-11-22 by in Phenomenal World

Insurance markets and climate risk

  Tagged under: Climate Change Impacts | Insurance


Lloyd’s of London warns insurers climate-related pain is still to come

  2023-10-23 (or before) in Financial Times

Executive at the insurance market has called for ‘urgent’ investment in risk modelling

  Tagged under: Insurance


'Nothing's predictable': Extreme weather is ruining farmers' crops, and their finances - Investigate Midwest

  2023-10-16 by in Investigate Midwest

Natural disasters hit farmers with a $22 billion bill last year. Only half of that was covered by insurance.

  Tagged under: Insurance


As climate risks mount, the insurance safety net is collapsing

  2023-10-10 by in Grist.org: Climate. Justice. Solutions.

Natural disasters now cost the U.S. insurance industry $100 billion a year. What happens when no one wants to pick up the tab?

  Tagged under: Economics | Insurance | Collapse


Climate change and insurance: The alarm bell we can't afford to ignore

  2023-09-11 (or before) by in The Climate Brink

Insurance markets are the canary in the coal mine

  Tagged under: Climate Change | Insurance


Targeting Congolese exploration, Greenpeace pursues insurers

  2023-09-08 by in Energy Voice

The report finds that coverage for the oil blocks would be “prohibitively expensive” for any winning companies. Congo lacks the capacity domestically to provide insurance.

  Tagged under: Congo | Africa | Insurance | Greenpeace


As Climate-Fueled Weather Disasters Hit More U.S. Farms, the Costs of Insuring Agriculture Have Skyrocketed - Inside Climate News

  2023-09-07 by in Inside Climate News

The country’s farmers took in a record $19 billion in insurance payments in 2022, many because of weather-related disasters, according to a new analysis that suggests climate change could stoke the cost of insuring the nation’s farmers and ranchers to unsustainable levels. The Environmental Working Group, which has for decades critically scrutinized the Federal Crop […]

  Tagged under: Farming | Climate Change | Insurance


Home insurers cut natural disasters from policies over climate risk

  2023-09-03 in The Washington Post

Major insurers say they will cut out damage caused by hurricanes, wind and hail from policies underwriting property along coastlines and in wildfire country.

  Tagged under: Insurance | Washington State


Insight: Coal miners forced to save for a rainy day by insurance snub | Reuters

  2023-09-01 (or before) in Reuters

Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making it more difficult and costly to do business amid a surge in demand for the fossil fuel.

  Tagged under: Insurance | Sustainability


Hurricane Idalia could become 2023’s costliest climate disaster for the US

  2023-08-31 in The Guardian

Analysts estimate the category 3 storm has already racked up a preliminary cost of $9.36bn, straining the insurance industry

  Tagged under: Insurance | Florida


CatNet® | Swiss Re

  2023-08-30 (or before) in Swiss Re

CatNet® - the tool that assesses the risk by combining hazard, loss, exposure and your insurance information with selected background maps and satellite imagery

  Tagged under: Insurance


Modelling Climate Litigation Risk for (Re)Insurers

  2023-08-30 (or before) by in Columbia Law School

In response to the growing threat of climate change, the insurance industry has made significant investments in modelling and quantifying physical climate risks. However, the emerging risk of climate litigation has proven particularly difficult to model. In 2015 Mark Carney, then-Governor of the Bank of England and Chairman of the Financial Stability Board, warned that climate litigation poses “long-tail risks” for insurers that may be “significant, uncertain and non-linear.” Since that warning, the number of climate-related cases has more than doubled, and the scope and financial significance of climate ...

  Tagged under: Climate Change | Insurance | Litigation | Finance


Adaptation and Adverse Selection in Markets for Natural Disaster Insurance

  2023-08-30 (or before) in ResearchGate

Download Citation | On Jan 1, 2019, Katherine Wagner published Adaptation and Adverse Selection in Markets for Natural Disaster Insurance | Find, read and cite all the research you need on ResearchGate

  Tagged under: Insurance


A Global Review of Insurance Industry Responses to Climate Change - The Geneva Papers on Risk and Insurance - Issues and Practice

  2023-08-30 (or before) in Springer Verlag

A vanguard of insurers is adapting its business model to the realities of climate change. In many ways, insurers are still catching up both to mainstream science and to their customers, which, in response to climate change and energy volatility, are increasingly changing the way they construct buildings, transport people and goods, design products and produce energy. Customers, as well as regulators and shareholders, are eager to see insurers provide more products and services that respond to the “greening” of the global economy, expand their efforts to improve disaster resilience and otherwise be proactive about the...

  Tagged under: Climate Change | Insurance | Sustainability


Risk Rating without Information Provision - American Economic Association

  2023-08-29 (or before) in American Economic Association

Risk Rating without Information Provision by Philip Mulder and Carolyn Kousky. Published in volume 113, pages 299-303 of AEA Papers and Proceedings, May 2023, Abstract: We describe the initial impact of risk-based flood insurance pricing in the United States. More than two-thirds of National Flood I...

  Tagged under: Insurance


Rising Insurance Costs Start to Hit Home Sales

  2023-08-29 (or before) by in The Wall Street Journal - Breaking News, Business, Financial & Economic News, World News and Video

  Tagged under: Insurance


Remarks by Assistant Secretary for Financial Institutions Graham Steele at Event Hosted by the Brookings Institution's Assessing Insurance Regulation and Supervision of Climate-Related Financial Risk

  2023-08-29 (or before) in home.treasury.gov

As Prepared for Delivery Introduction Thank you, Carlos.  It is my pleasure to be with you all today, both those in the room and watching virtually. As the Assistant Secretary for Financial Institutions, my portfolio includes developing the Department’s policy views on banks, credit unions, consumer protection, access to capital, and financial sector cybersecurity matters.  My remarks will focus on the work that Treasury, through the Federal Insurance office (FIO), is doing to understand and help address the financial risks that our changing climate poses in the insurance sector. Work on climate-related financial...

  Tagged under: Drought | Finance | Climate Change | Housing | Insurance | Litigation | Economic Growth | California | Climate Change Impacts | Wildfires | Florida | Climate Change Mitigation | Capitalism


'Catastrophic' loss: Huge colonies of emperor penguins saw no chicks survive last year as sea ice disappears | CNN

  2023-08-24 by in CNN

As rapidly warming global temperatures help push Antarctica’s sea ice to unprecedented lows, it’s threatening the very existence of one of the continent’s most iconic species: emperor penguins.

  Tagged under: Climate Change | Antarctic | Insurance | Health | Finance


'High time to invest in more climate adaption': Natural catastrophes cost insurers $50bn in first half of 2023

  2023-08-10 in Business Green

Severe thunderstorms account for up to 70 per cent of $50bn in natural catastrophe losses in first half of 2023, Swiss Re Institute estimates

  Tagged under: Insurance


Climate Risk Management in the U.S. Insurance Sector

  2023-08-08 (or before) in Ceres | Sustainability is the bottom line.

This report is the first systematic review of U.S. insurance companies’ climate risk strategies, yielding new insights that risk managers and regulators can use to maintain a sustainable insurance sector. 

  Tagged under: Insurance


Florida rocked by home insurance crisis: ‘I may have to sell up and move’

  2023-07-15 in The Guardian

Soaring hurricane-cover premiums are bad news for the state’s homeowners – and Ron DeSantis is accused of dragging his feet

  Tagged under: Insurance | Florida


Outgoing Flood Re Chair urges urgent action to adapt to climate change - Reinsurance News

  2023-07-14 by in Reinsurance News

Mark Hoban, former City Minister and outgoing Chair of Flood Re, has issued a stark warning, emphasising the urgent need for the UK to adapt to climate

  Tagged under: Flooding | Insurance | UK | Adaptation


‘Cascading impacts’ warning as Farmers becomes latest insurer to quit Florida

  2023-07-12 in The Guardian

State’s efforts unable to persuade company to stay amid growing risk for carriers as climate crisis increases strength of storms

  Tagged under: Insurance | US Politics | Florida


Farmers Insurance has stopped writing Florida policies. Here’s why

  2023-06-14 (or before) by in ClickOrlando l Orlando, Florida News, Local Headlines l WKMG News 6

  Tagged under: Insurance | Florida


'A natural solution to many of our most pressing problems': Aviva announces £21m saltmarsh restoration drive

  2023-06-13 in Business Green

Insurance giant announces latest tranche of nature funding, as trial of technology designed to boost investment in peatland projects via carbon markets gets underway in northern England

  Tagged under: Wetlands | Insurance


Climate risks have made California uninsurable. When will we wake up? | Kate Aronoff

  2023-06-06 in The Guardian

State Farm will almost entirely stop issuing new policies in California – with climate-exacerbated wildfires and bad public policy a large reason why

  Tagged under: Farming | Insurance | California | Wildfires | Finance


Insurance giant halts sale of new home policies in California due to wildfires

  2023-05-27 in The Guardian

State Farm also cites inflation of construction costs in statement which comes after increasing wildfires in state

  Tagged under: Insurance | California | Wildfires


Lloyd’s and five big insurers quit sector’s net-zero initiative

  2023-05-26 (or before) in Financial Times

Alliance members fear antitrust lawsuits and have faced criticism from US Republican politicians

  Tagged under: Insurance | Net Zero


UK students pledge ‘career boycott’ of insurers over fossil fuels

  2023-05-24 in The Guardian

Hundreds of students and graduates vow not to work for ‘climate wreckers that insure those responsible for the climate crisis’

  Tagged under: Activism | Insurance | Fossil Fuels


Opinion | Your Homeowners’ Insurance Bill Is the Canary in the Climate Coal Mine

  2023-05-07 in The New York Times

  Tagged under: Climate Change | Housing | Insurance


Who's Insuring the East African Crude Oil Pipeline? — #StopEACOP

  2023-05-05 (or before) in Stop EACOP

Which insurers have ruled out support for the East African Crude Oil Pipeline? Check our list

  Tagged under: Insurance | Africa


Insure Our Future Global

  2023-05-05 (or before) in Insure Our Future

Insurers must stop insuring fossil fuel expansion. Most have stopped insuring new coal but continue to underwrite oil and gas expansion.

  Tagged under: Insurance


Marsh and rivals asked not to work for EACOP

  2023-05-05 (or before) in insurancebusinessmag.com

Move comes following complaint against top broker

  Tagged under: Insurance | EACOP


Insurance giant ‘breached international guidelines’ by backing oil pipeline

  2023-05-05 (or before) in The Bureau Investigates

A group of NGOs allege that Marsh is contributing to the serious harm caused by the pipeline by providing the insurance services necessary for the project to progress

  Tagged under: Africa | Insurance | Finance


Insurance giant Marsh signs on for environmentally disastrous pipeline project

  2023-05-05 (or before) in The Bureau Investigates

Company defies its employees to broker project that will generate 33 million tons of carbon emissions each year

  Tagged under: Africa | EACOP | Insurance


Stop Sizewell C protestors urge Aviva not to invest in the project

  2023-05-05 (or before) in East Anglian Daily Times

Protestors from Stop Sizewell C in Suffolk gathered outside insurance giant Aviva's AGM at Norwich City's Carrow Road football ground to vent…

  Tagged under: Nuclear Power | Insurance | Activism


Another major insurance group commits to stop insuring new oil and gas exploration - Insure Our Future Global

  2023-05-02 in Insure Our Future

Germany, Hanover May 2, 2023 – Talanx, a major German insurance group which operates globally, has adopted new restrictions on oil and gas. New oil and gas fields will no longer be insured as of July 1, 2023.  New oil power plants and new infrastructure directly associated with new oil fields will also be excluded. …

  Tagged under: Insurance


Electric car costs and repairs take the spark out of green driving

  2023-04-23 (or before) by in The Times & The Sunday Times

The cost of insuring electric cars has jumped by 20 per cent over the past year as Teslas and other models are scrapped when their battery packs have the slight

  Tagged under: Insurance | Electric Cars | Cars | Tesla


Tomlinson: Experts slam $10B grid plan, GOP approves anyway

  2023-04-10 (or before) by in Houston Chronicle | Breaking News, Houston, Texas, US, World News

Texas Republicans approved a $10 billion plan for backup electricity after industry experts and executives told them it was a bad idea, urged alternatives.

  Tagged under: Insurance | US Politics | Electricity | Texas | Electricity Grid


Insuring the net-zero transition: Evolving thinking and practices – United Nations Environment – Finance Initiative

  2023-04-04 (or before) in UN Environment Programme - Finance Initiative

  Tagged under: Insurance | Net Zero | Finance


Net-Zero Insurance Alliance – United Nations Environment – Finance Initiative

  2023-04-04 (or before) in UN Environment Programme - Finance Initiative

  Tagged under: Insurance | Net Zero | Finance


Munich Re Exits Net-Zero Alliance   - ESG Investor

  2023-04-04 (or before) in ESG Investor – Investing in the Future

Munich Re has left the Net-Zero Insurance Alliance (NZIA) citing anti-trust concerns. In a statement, Joachim Wenning, CEO of Munich Re, said: “In our view, the opportunities to pursue decarbonisation goals in a collective approach among insurers worldwide without exposing ourselves to material antitrust risks are so limited that it is more effective to pursue […]

  Tagged under: Insurance | Net Zero | ESG - Environmental, Social and Governance | Decarbonisation


Insurer quits climate alliance, citing legal fears

  2023-04-03 by in Climate Home News

Insurance company Munich Re has left the Net Zero Insurance Alliance, fearing legal action from politicians in the US Republican party

  Tagged under: Insurance | Net Zero


POLITICO Pro

  2023-03-30 (or before) in Politico PRO

Insurers face a "crisis of confidence" as global warming makes weather events unpredictable and increases damage.

  Tagged under: Climate Change | Insurance


Insurance giant Marsh in firing line over controversial East Africa pipeline

  2023-02-07 in upstreamonline.com

Non-profits allege Marsh’s involvement in EACOP line must be ‘scrutinised’

  Tagged under: Africa | Insurance | TotalEnergies


Net-Zero Insurance Alliance launches Target-setting Protocol

  2023-01-17 in NN Group - Home

Today, the Net-Zero Insurance Alliance (NZIA) launched its first Target-Setting Protocol at the World Economic Forum’s Annual Meeting in Davos

  Tagged under: Insurance | Net Zero


Hurricanes and floods bring $120 billion in insurance losses in 2022 | Reuters

  2023-01-10 in Reuters

Hurricane Ian in the United States and floods and Australia helped to make 2022 one of the costliest years on record for natural disasters, Munich Re said on Tuesday, warning that climate change was making storms more intense and frequent.

  Tagged under: Insurance


FEMA to uninsured Montanans: ‘Manage your own recovery'

  2022-06-25 in KTVH - Montana

As Fromberg residents worked to clear the muck and river water from their homes Thursday, a FEMA spokesperson said people should manage their expectations about federal aid.

  Tagged under: Insurance | Rivers


Climate Change Risk Assessment for the Insurance Industry | The Geneva Association

  2022-02-21 in The Geneva Association

  Tagged under: Climate Change | Insurance


Investigation: Majority of Directors of World’s Top Insurance Companies Tied to Polluting Industries

  2021-10-07 by in DeSmog

Just over half of all directors at 30 of the world’s largest insurance companies have affiliations to polluting companies and organisations, reveals an investigation by DeSmog, including several individuals holding senior roles at some of the world’s largest energy companies. The findings raise concerns over a potential pervasive conflict of interest on the boards at […]

  Tagged under: Insurance


Where Americans Moved Into Fire Danger Zones

  2021-09-25 (or before) in Bloomberg

In the first year of Covid, migration increased into areas that have seen recent wildfires — even as climate change intensifies risk.

  Tagged under: Wildfires | Climate Change | Insurance | California | Trees


Prudential in talks to buy out and shut coal-fired plants in Asia

  2021-08-03 in The Guardian

Scheme with Asian Development Bank could help make big progress on climate goals, says insurer

  Tagged under: Insurance | Coal | Fossil Fuels | Finance


Scorched, Parched and Now Uninsurable: Climate Change Hits Wine Country

  2021-07-18 in The New York Times

  Tagged under: Wildfires | Climate Change | Insurance | California


Scorched, Parched and Now Uninsurable: Climate Change Hits Wine Country

  2021-07-18 in The New York Times

  Tagged under: Wildfires | Coal | Climate Change | Insurance | California


Fire and flood: 'Whole areas of Australia will be uninsurable'

  2021-04-01 in The Guardian

Extreme weather events caused by the climate emergency are an existential threat to homeowners and industry alike

  Tagged under: Bushfires | Insurance


Climate Change Is Tightening Insurance Markets. That’s No Good for the Solar Industry

  2021-03-08 (or before) in Greentech Media | Clean Tech & Renewable Energy News

Solar project developers are starting to feel the financial pressure from rising insurance costs.

  Tagged under: Solar Energy | Climate Change | Insurance | Texas


Press Release: Global insurers unite to tackle climate risk with launch of Geneva Association Task Force | The Geneva Association

  2021-02-24 in The Geneva Association

The Geneva Association has mobilised experts from 17 of the world’s largest P&C and life insurers*, representing the companies of its CEO members, to develop and hone climate risk assessment methodologies and tools for the insurance industry. The first report of the task force presents an integrated decision-making framework for climate risk assessment that considers four dimensions: 1) business line (P&C versus life);

  Tagged under: Insurance


Insurance - Market Forces

  2021-02-19 (or before) in Market Forces

Insuring a safe climate?Take actionJust like the big banks, general insurance companies play a pivotal role in enabling fossil fuel expansions. They do this by providing the insurance that allows fossil fuel projects to get off the ground and keep operating. Insurers also invest in fossil fuel companies through their ... Read More

  Tagged under: Insurance


Climate Change Risk Assessment for the Insurance Industry | The Geneva Association

  2021-02-15 in The Geneva Association

This first report by the Geneva Association Task Force on Climate Change Risk Assessment for the Insurance Industry offers a decision-making framework for climate risk assessment and scenario analysis for P&C and life re/insurers. The analysis considers all physical and transition climate change risks for the liability and asset sides of the balance sheet, by line of business and over distinct time horizons and serves as a foundation for the Task Force’s work to drive future developments in this space.

  Tagged under: Climate Change | Insurance


Lloyd's of London steps back from coal in first climate change policy | Reuters

  2020-12-16 (or before) in Reuters

Lloyd's of London is scaling back its exposure to coal and oil sands, the commercial insurance market said in its first sustainability report on Wednesday, in a reversal of its traditional hands-off approach to climate change strategy.

  Tagged under: Coal | Climate Change | Insurance | Sustainability


Fifth of countries at risk of ecosystem collapse, analysis finds

  2020-10-12 in The Guardian

Trillions of dollars of GDP depend on biodiversity, according to Swiss Re report

  Tagged under: GDP | Insurance | Wildlife | Economic Growth | Collapse


Insurance Circular Letter No. 15 (2020): Climate Change and Financial Risks

  2020-09-26 (or before) in dfs.ny.gov

  Tagged under: Climate Change | Insurance


Suncorp out of oil and gas drilling, leaving QBE isolated - Market Forces

  2020-08-21 in Market Forces

21 August 2020 Suncorp has sent a clear message that it will not be a part of the Federal Government’s gas expansion plans, with an updated policy released today that bans the company from investing in, financing and insuring new and additional oil and gas exploration and production. In 2020, ... Read More

  Tagged under: Insurance


Insurance giant Suncorp to end coverage and finance for oil and gas industry

  2020-08-21 in The Guardian

Suncorp’s decision to pull out of industry by 2025 puts it at odds with government push for gas-led recovery

  Tagged under: Insurance | Fossil Fuels | Finance


Insurance, pandemics and climate change - Insure Our Future Global

  2020-04-13 in unfriendcoal.com

COVID-19 shows the insurance industry was aware of the threat of a global pandemic but failed to convince decision-makers to take precautions.

  Tagged under: Climate Change | Insurance


Connecticut Insurance Companies Invest $247 Billion in Fossil Fuels According to Report — INSURE OUR FUTURE — end fossil insurance

  2020-04-09 (or before) in Insure Our Future - end fossil insurance

Connecticut Citizen Action Group, Sierra Club Connecticut, and 10 other Connecticut organizations, released “Connecticut Insurers: Ensuring the Climate Crisis.” The report spells out how the Connecticut insurance industry is ensuring climate change by continuing to underwrite fossil fuel projects and invest in fossil fuels.

  Tagged under: Climate Change | Insurance | Fossil Fuels


CT Insurance Report

  2020-04-09 (or before) in Insure Our Future - end fossil insurance

  Tagged under: Insurance


Australian bushfires intensify scrutiny on insuring, investing in coal

  2020-02-06 (or before) in S&P Global S&P Global

Bushfires across Australia are drawing increased attention to the financial risks of climate change, even as the country recently completed a year of record coal exports with plans to further increase production.

  Tagged under: Insurance | Bushfires | Coal | Climate Change


Will Asia’s insurers follow Axa’s lead on coal?

  2019-12-04 in InsuranceAsia News

The key resource for accurate, insightful and reliable coverage of Asia’s insurance and reinsurance market.

  Tagged under: Coal | Insurance


Insurers Ditching Coal Doubled in 2019, but U.S. Industry Lags Behind — INSURE OUR FUTURE — end fossil insurance

  2019-12-04 (or before) in Insure Our Future - end fossil insurance

New report shows 46% of reinsurance market and 37% of industry’s global assets now covered by coal exit policies

  Tagged under: Coal | Insurance


After wildfires, hundreds of thousands of Californians can't get insurance - CBS News

  2019-11-09 (or before) in CBS News

Insurance companies are saying, "We're done with you," one resident says, while others face soaring costs

  Tagged under: Wildfires | Insurance | California


Elected Officials, Community Groups Tell Fire Insurers to Ditch Fossil Fuels in Wake of Rate Hikes and Non-Renewals — INSURE OUR FUTURE — end fossil insurance

  2019-11-09 (or before) in Insure Our Future - end fossil insurance

Amidst ongoing wildfires and massive insurance rate hikes and policy non-renewals across California, 44 groups, businesses, and elected representatives released a letter to the three biggest fire insurers in California to stop fueling the climate crisis, which is creating the conditions for longer wildfire seasons and more destructive fires.

  Tagged under: Wildfires | Insurance | Fossil Fuels | California


Biggest UK fund manager invested in firms it shamed over climate crisis

  2019-11-07 in The Guardian

Exclusive: Legal & General Investment Management put extra £285m into firms such as ExxonMobil

  Tagged under: Exxon | Insurance


Are Employees Pushing Insurers to Shun Coal in Climate Change Movement?

  2019-11-07 in Insurance Journal - Property Casualty Insurance News

Seventeen insurers have restricted insurance services to coal projects in the past two years. A dozen insurers have adopted policies to stop all direct

  Tagged under: Coal | Climate Change | Insurance


Burning questions about insurance and climate | Greenbiz

  2019-10-28 (or before) in Greenbiz

Will insurers and banks step up to help reduce risk and build resistance — or contribute to crashing the economy?

  Tagged under: Insurance | Economics


Climate change could make insurance too expensive for most people – report

  2019-03-21 in The Guardian

Munich Re, world’s largest reinsurance firm, warns premium rises could become social issue

  Tagged under: Extreme Weather | Wildfires | Climate Change | Insurance


Sources (67)

American Economic Association
Archive Today - web archive
BBC
Bloomberg
Business Green
carriermanagement.com
CBS News
Ceres | Sustainability is the bottom line.
ciel.org
Cleantech News Ñ #1 In EV, Solar, Wind, Tesla News
ClickOrlando l Orlando, Florida News, Local Headlines l WKMG News 6
Climate Home News
CNBC
CNN
Columbia Law School
columbian.com
DeSmog
dfs.ny.gov
East Anglian Daily Times
Energy Voice
ESG Investor – Investing in the Future
Financial Times
Forbes
Fortune
Greenbiz
Greentech Media | Clean Tech & Renewable Energy News
Grist.org: Climate. Justice. Solutions.
home.treasury.gov
Houston Chronicle | Breaking News, Houston, Texas, US, World News
Inside Climate News
Insurance Journal - Property Casualty Insurance News
InsuranceAsia News
insurancebusinessmag.com
insurancetimes.co.uk
Insure Our Future
Insure Our Future - end fossil insurance
Investigate Midwest
KTVH - Montana
Market Forces
marketwatch.com
Newsweek
NN Group - Home
Phenomenal World
Politico PRO
Reinsurance News
ResearchGate
Reuters
S&P Global S&P Global
spokesman.com
Springer Verlag
Stop EACOP
Swiss Re
The Bureau Investigates
The Climate Brink
The Geneva Association
The Guardian
The New Republic
The New York Times
The Telegraph
The Times & The Sunday Times
The Wall Street Journal - Breaking News, Business, Financial & Economic News, World News and Video
The Washington Post
UN Environment Programme - Finance Initiative
unfriendcoal.com
upstreamonline.com
us.insure-our-future.com
Yale Climate Connections

The Elephant's Footer

Back to top of page

Feed the Elephant - email us your links and listings


Stay in touch - sign up for our mailing list


Follow the Elephant on X/Twitter: @ElephantClimate


About The Elephant



Website powered by cogapp: building a better online world