Recent news about the insurance industry and the challenges and opportunities posed by climate change, water scarcity, energy transitions and other sustainability issues.
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.
How storms like Sandy batter insurance companies
Oct 29, 2012
- Weather forecasters certainly have a difficult job right now, trying to predict when an unpredictable “frankenstorm” will make landfall.
GreenBiz: Climate Risks, Insurance and the Next Financial Meltdown
Jan 04, 2012
- According a September 2011 report from Ceres, the insurance industry has yet to fully recognize the risks posed by climate change...what Ceres describes as the industry's "sluggish and uneven response to the ever-increasing ripples from global climate change" threatens not just the insurance business but the stability of the global economy.
The New York Times: Insurance Against the Future
Oct 06, 2011
- Ten separate billion-dollar weather disasters have hit the United States this year. And in one corner of the ring, with an ice pack on its brow, is the reeling insurance industry.
MarketWatch: Global Warming No Hoax to Insurance Companies
Sep 09, 2011
- MarketWatch's Al Lewis discusses how severe weather is impacting insurance companies and the general public, and cites Ceres' new report on climate risk disclosure by insurers.