Browsing: climate risk

A new report from Beazley highlights a concerning disconnect between rising climate-related threats and corporate risk management priorities, potentially leading to increased financial exposure for businesses.

A proposed bill in the New York State Assembly would require major corporations to disclose climate-related financial risks, potentially impacting the insurance and financial sectors.

A government crop insurance scheme in India, designed to protect farmers from climate change impacts, is proving costly for those most at risk, according to a new analysis.

CTF Life, formerly FTLife, is implementing a ‘double-materiality’ framework to enhance its approach to sustainable investments.

Nationwide is responding to the changing property insurance landscape by launching a new unit focused on the excess and surplus (E&S) market, as traditional insurers withdraw from high-risk areas.

Home insurance premiums are increasing due to the increased risk of extreme weather and the damage it causes. Experts are calling for changes to the industry that incorporate climate risk and incentivise homeowners to make homes more resilient.

HDI Global introduces a new service to help businesses assess and manage climate-related risks, including natural hazards, infrastructure vulnerabilities, and future impacts.

Travelers is seeking to exclude a shareholder proposal on climate risk from its proxy materials, contending that its current disclosures are sufficient.

Managing general agent FTP Inc. has acquired Coastal Flood Underwriters LLC, bolstering its ability to provide flood insurance across the United States. The move aligns with the company’s strategy to grow its specialty insurance offerings in response to rising flood risks.

Colorado’s insurer of last resort is collaborating with ZestyAI to utilize AI-driven models for assessing climate risks and enhancing insurance access for homeowners.