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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.
More U.S. insurance companies are preparing for climate change, but many still turning a blind eye
Oct 20, 2016
As much of the Southeast U.S. is cleaning up from Hurricane Matthew, the country’s 13th billion-dollar weather disaster this year, a new Ceres report ranks the nation’s largest insurance companies on their responses to escalating climate risks, including severe weather events.
Insurance companies taking too big a risk on fossil fuels, report says
May 25, 2016
The US insurance industry, the country’s second largest institutional investor in oil, gas and coal with $459bn in fossil fuel investments, needs to divest or face serious threats to its financial stability, according to a recent report.
Energy Bet of $459 Billion Seen as Overlooked Risk for Insurers
May 24, 2016
U.S. insurers are risking financial stability by holding $459 billion of energy-related investments without considering the “broad and deep” threat that climate change poses to the assets.
New Ceres Report: U.S. insurance sector heavily invested in fossil fuel sectors, despite growing awareness of climate change risks
May 24, 2016
Many leading U.S. insurance groups are significantly invested in oil & gas and other fossil fuel industries, even as these sectors face growing pressure from the global clean energy transition and physical impacts associated with climate change, according to a first-of-its-kind report announced today.
Investors want Exxon to account for climate change
May 24, 2016
The annual meetings of ExxonMobil and Chevron are set to happen on Wednesday. One thing shareholders will vote on is whether the companies need to perform and publish stress tests of earnings as efforts to fight climate change affect fossil-fuel use.
Warren Buffett's Mixed Signals on Climate Risk and Insurance
Apr 28, 2016
When it comes to addressing climate change impacts to Berkshire Hathaway’s insurance business, Warren Buffett paints a somewhat misleading picture that minimizes the business risks posed by a demonstrably changing climate. In doing so, Buffett begs serious questions about his company’s planning for climate impacts and undermines confidence in the insurance division’s climate resilience.
Warren Buffett Is Wrong About Climate Change
Feb 29, 2016
In an annual letter to investors in his conglomerate Berkshire Hathaway, Warren Buffet fought back against a proposed shareholder resolution demanding his insurance subsidiaries measure and disclose the risks that climate change poses to their business and how the company is responding to the threat.
UN urges business leaders to double investment in green energy by 2020
Jan 27, 2016
The United Nations urged global business leaders on Wednesday to double investment in wind and solar energy to $600bn a year by 2020. Business leaders were challenged to act decisively to hasten the transition away from the fossil fuel economy.
500 Global Investors Managing Trillions Mobilize Action in Wake of Paris Climate Agreement
Jan 27, 2016
On the heels of the historic international climate agreement in Paris, more than 500 global investors gathered at the United Nations to begin mobilizing the trillions of dollars needed to catalyze the global clean energy transition.
The One Thing We Still Need in Order to Get to a Low-Carbon Economy
Jan 26, 2016
We need far more investment in the low-carbon economy — well over US$1 trillion every year. What will it take to get pension funds, insurance companies and other investors who manage trillions of dollars to open their wallets to this enormous clean energy opportunity?
Investors Have A Big Opportunity for Accelerating Clean Energy
Jan 25, 2016
Those gathering at the UN in New York on Wednesday for the biennial Investor Summit on Climate Risk are facing a new world and a new reality. The Paris climate agreement has confirmed that every nation is now on an irreversible path to a low -- perhaps even zero -- carbon economy. The challenge now is not the certainty, the direction or the ultimate destination of this transformation: it is the speed and how to scale up the opportunities.
Ceres President Applauds Historic International Climate Agreement in Paris
Dec 12, 2015
Ceres president Mindy Lubber issued a statement heralding the final international climate agreement announced in Paris.
Boston nonprofit Ceres stresses green effort
Feb 02, 2015
Ceres, celebrating its 25th anniversary, has become one of the world’s most influential environmental advocates by harnessing capitalism to convince companies that sustainability is central to their competitiveness and bottom lines.
9 Reasons Not to be Depressed About the Planet
Dec 30, 2014
Don’t leave 2014 without realizing there have been notable — often underreported — big capital market breakthroughs on climate change, water protection and other sustainability fronts.
A Retreat From Weather Disasters
Oct 24, 2014
Today, from Florida to Delaware, property insurance near the water is becoming harder and harder to find.
First-of-its-Kind Report Ranks U.S. Insurance Companies on Climate Change Responses
Oct 22, 2014
Amid growing evidence that climate change is having wide-ranging global impacts that will worsen in the years ahead, a new report from Ceres ranks the nation's 330 largest insurance companies on what they are saying and doing to respond to escalating climate risks.
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.