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Insurance News

Recent news about the insurance industry and the challenges and opportunities posed by climate change, water scarcity, energy transitions and other sustainability issues.
Analyzing Climate Risk: Why Mandatory Reporting Matters
Sep 11, 2014
Fully incorporating all risks, including climate change, into the investment-decision-making process will have a tangible impact in shifting significant capital away from high-carbon emitters toward clean energy alternatives.
Gaining Enough Ground
May 12, 2014
Four years ago, Ceres and Sustainalytics produced a report that it called a roadmap for sustainability for the 21st century corporation, and noted that while there were pockets of leadership in sustainability, these pockets were surrounded by oceans of incrementalism that were insufficient to address the sustainability challenges confronting us.
Statement by Ceres President Mindy Lubber on the National Climate Assessment
May 06, 2014
"We simply can no longer afford to risk our children’s futures on the false hope that the vast majority of scientists are wrong."
Sister Patricia Daly, a Visionary Leader Dedicated to Environmental Justice, Wins the Joan Bavaria Award
Apr 30, 2014
Long-time shareholder advocate and executive director of the Tri-State Coalition for Responsible Investment, Sister Patricia Daly, OP has been awarded the sixth-annual Joan Bavaria Award for Building Sustainability into the Capital Markets.
Are The 613 Largest U.S. Public Companies Actually Working On Sustainability?
Apr 30, 2014
Corporations are getting better at incorporating sustainability into their business structure, but not fast enough and not to the scale that the planet demands.
Ceres report: US corporate progress on sustainability remains incremental
Apr 30, 2014
The latest evidence that businesses are failing to grasp the need to restructure their business models comes from an analysis of 613 major publicly listed US companies, which represent three-quarters of the country's total stock market capitalisation.
Even oil companies don't want a 'roasted world'
Mar 25, 2014
When climate scientist Rosina Bierbaum speaks, her central theme is the "roasted world" -- a bleak picture of what the planet will probably look like if carbon pollution continues unchecked.
Exxon Valdez Oil Spill Still Leaves a Painful Legacy
Mar 24, 2014
Exactly 25 years ago, 260,000 barrels of crude oil from the Exxon Valdez oil tanker inundated the frigid, fragile waters of Alaska's Prince William Sound.
Insurers Have Huge Role As Clean Energy Investors
Mar 03, 2014
Conversations about climate change and the insurance industry usually focus on catastrophic storms and their damaging financial ripples for insurance providers. Given skyrocketing extreme-weather losses in recent years, it’s surely a legitimate issue that should be making insurers re-think their business models.
Facing More Extreme Weather, Insurers and Cities Forge New Path Toward Climate Resiliency
Dec 04, 2013
City leaders and urban planners now have a suite of new tools to better protect residents from extreme weather events like Typhoon Haiyan and Superstorm Sandy, thanks to three new resources released this month by Ceres, ClimateWise and other groups.
Chubb and Travelers still grappling with climate change post Sandy
Nov 08, 2013
Hurricane Sandy was a wake-up call for cities everywhere about the risks of unprecedented storms.
New Obama order aims to prepare communities for severe weather
Nov 01, 2013
In another move to address the impact of climate change, President Barack Obama ordered a bipartisan task force on Friday to help U.S. communities brace for longer heat waves, heavier downpours, more severe wildfires and worse droughts.
One Year After Sandy: Ceres Report Highlights Growing Taxpayer Burden from Climate Inaction
Oct 28, 2013
A new Ceres report documents rising taxpayer costs to federal programs that provide flood insurance, crop insurance, wildfire protection and disaster relief. Some extreme weather-prone states such as Florida and Texas are also facing more acute financial exposure.
IPCC climate report sets upper limit for global emissions
Sep 27, 2013
The Intergovernmental Panel on Climate Change, or IPCC, just released its new report on global warming. It reinforces the conclusion that global warming is predominantly caused by human activity and sets an upper limit for the carbon emissions the world's economies can create.
New IPCC Report Confirms What Companies Already Know: Climate Change is Changing How Business Gets Done
Sep 27, 2013
In the wake of a new Intergovernmental Panel on Climate Change report re-confirming the reality of climate change and clarifying its effects, business and investor leaders talked today about the ways in which global warming is already affecting their bottom lines and their strategies.
Two New States to Require Climate Risk Survey; More Companies Must Now Respond
Aug 13, 2013
Connecticut and Minnesota regulators have decided to join California, New York and Washington in requiring insurers to respond to a survey on climate change.
Bold leadership from US insurers is needed to tackle climate change
Aug 13, 2013
The insurance industry's core business is to protect people – and businesses – in harm's way. With the rise of extreme weather across the US, insurers are increasingly connecting the dots between climate change and its costs.
Insurance Coverage Crossroads: The Insurance Industry Appears Largely Unprepared to Weather Risks of Climate Change
Jul 08, 2013
Data is now confirming that warming of the atmosphere and oceans is playing a direct role in the more frequent occurrence of extreme weather events. According to a recent report by Ceres, many insurers are unprepared to weather these changes.
Heeding Sandy’s Lessons, Before the Next Big Storm
May 09, 2013
It has been six months since Hurricane Sandy redrew the northern Mid-Atlantic coastline with its record storm surge and strong winds, paralyzing New York City for days, all the while offering a disturbing preview of what future storms may do to other coastal locations as sea levels continue to rise.