Climate Activists to Pressure U.S. Insurers Underwriting Fossil Fuel Industry

Article 1 Comments Expect calls for the insurance industry to stop investing in or insuring the fossil fuel industry and fossil fuel projects to grow louder in California and throughout the U.S. A new petition by several climate change and consumer activist groups will be calling for new California Insurance […]

California Commissioner Backs Disaster Insurance Bill to Fight Climate Change-Driven Wildfires

Article 0 Comments California’s insurance commissioner and a lawmaker want to the state to consider buying insurance in the private market to cover rapidly increasing costs of fighting wildfires due to climate change. State Sen. Bill Dodd, D-Napa and California Insurance Commissioner Ricardo Lara on Thursday proposed the California Disaster […]

The Polar Vortex And Climate Change

Article 3 Comments A new report outlines the numerous risks insurers face from climate change. The report from Sustainalytics, a provider of ESG (Environmental, social and governance) and corporate governance products and services, shows that property/casualty insurers face two key points of exposure to climate risks in 2019 and beyond: […]

Enviro Risks, Climate Change Lead Concerns in World Economic Report

Article 0 Comments Environmental risks continue to dominate long-term concerns, a new report shows. World Economic Forum’s Global Risks Report 2019 released on Wednesday included as collaborators Marsh & McLennan Cos. and Zurich Insurance Group, as well as academic advisers at the Oxford Martin School, the National University of Singapore […]

Southern California City Asking Residents for Suggestions on Battling Climate Change

Article 1 Comments The city of Long Beach, Calif. is soliciting help from its citizens to come up with a plan to deal with climate change. The coastal city of roughly half-a-million, which was an early adopter of the ban on plastic bags and was also quick to ban plastic […]

California Commissioner Pushing Insurer Fossil Fuel Divestment to The End

Article 0 Comments California Insurance Commissioner Dave Jones continues to push the fossil fuel divestment hot button right to the end of the year and his tenure as the state’s head insurance regulator. Jones this week released the most recent data on oil, gas, coal and utility investments by insurers, […]

Survey from Regulator of Largest U.S. Insurance Market Shows More Coal Divestment by Insurers

Article 0 Comments California Insurance Commissioner Dave Jones on Thursday revealed he’s had some success with his 2018 Climate Risk Carbon Initiative Coal Divestment Follow-Up Survey. Jones said the results of the survey reflect an increase in the number of insurers that divested or are committing to divest from thermal […]

Climate Change Impact Assessment Looks at Risk, Readiness Around U.S.

Article 0 Comments Low risk, but low readiness. That’s the assessment for Long Beach, Calif., a city that’s close to my heart. For those who love numbers, the city has a risk score of 49.48, and a readiness score of 47.01. Not entirely sure if that’s good or bad on […]

The IPCC Climate Change Report and Implications for Insurers

Article 0 Comments A report out earlier this week from the Intergovernmental Panel on Climate Change doesn’t say a whole lot about insurance, but the implications for the industry are hard to ignore. Chief among those implications is the possibility that society will take the stark warnings in the report […]

Businesses Should Prepare for Consequences of Climate Change, Zurich Says

Article 2 Comments Businesses should prepare for the physical consequences of a warming planet, according to a new report out from Zurich Insurance Group. The report, “Managing the impacts of climate change: risk management responses,” was published at the start of Climate Week NYC, a gathering of investors and public […]