Zurich Insurance Group has published a new report, Safeguarding our Energy Future: Protecting Europe’s Energy Infrastructure Against Climate Risk, warning that Europe’s clean energy systems will be increasingly vulnerable to climate-related threats if no action is taken. As renewable energy becomes the backbone of the region’s low-carbon economy, making this infrastructure more resilient is now critical. … Continue reading Zurich calls for urgent action to protect Europe’s clean energy infrastructure
Category: insurance
Action is needed now: “there is no way to “adapt” to temperatures beyond human tolerance”
Günther Thallinger from Allianz SE has written a powerful article on LinkedIn. As one commentator said: “This devastating analysis from a global insurance leader sets out not just the financial but also the civilisational threat posed by climate change.” Another said that insurance is the “canary in the mine”; the early warning system for what … Continue reading Action is needed now: “there is no way to “adapt” to temperatures beyond human tolerance”
How climate change could upend the American dream
Americans have long accumulated wealth by owning their homes, but a new study predicts that spiking insurance rates and climate disasters now herald an era of widespread losses. Andrea Riquier discusses the new study in an article on the USA TODAY website Climate risk will take trillion-dollar bite out of America’s real estate As … Continue reading How climate change could upend the American dream
Climate crisis is making it harder for insurance companies to operate, with many pausing or withdrawing policies
Oliver Milman writes on the Guardian website about the struggles that homeowners are facing in many parts of the United States to find insurance. This is not just an American problem but it is probably most acute there. This post follows many that EiD has provided recently. When looked at together, they make one wonder … Continue reading Climate crisis is making it harder for insurance companies to operate, with many pausing or withdrawing policies
US support for backing outstanding mortgages giving only vague guidance on climate-related catastrophe
Fannie Mae and Freddie Mac, which backstop most U.S. mortgages, know floods and fires are a growing problem. But little action has been taken. Lydia DePillis discusses this growing issue in the US. One wonders how the new administration will deal with this issue? Mortgage Regulators Are Shrugging Off Climate Risk. It Could Cost … Continue reading US support for backing outstanding mortgages giving only vague guidance on climate-related catastrophe
With the climate change crisis, how insurance companies set rates and coverage in the US
In an article on The Conversation website, Andrew J. Hoffman, Holcim (US) Professor of Sustainable Enterprise, Ross School of Business, School for Environment & Sustainability, University of Michigan writes about the current situation in the US concerning the insurability crisis. Americans face an insurability crisis as climate change worsens disasters – a look at … Continue reading With the climate change crisis, how insurance companies set rates and coverage in the US
The annual market survey from the California Association of Realtors shows that problems with property insurance are worsening
The California Climate Politico newsletter writes about the problems in California to find affordable house insurance. Major insurers remain skittish on California after pulling back amid high wildfire losses. Are you seeing this trend in your country? California insurance woes sunk twice as many home sales this year, realtors say More and more homebuyers … Continue reading The annual market survey from the California Association of Realtors shows that problems with property insurance are worsening
The tourism industry’s engagement with climate justice is well overdue
In an article on The Conversation website, Bobbie Chew Bigby, Postdoctoral Research Fellow, Recreation and Leisure Studies, University of Waterloo and Freya Higgins-Desbiolles, Adjunct Professor / Adjunct Senior Lecturer in Tourism Management/, University of South Australia discuss their new report arguing that the tourism industry needs to consider climate justice before undertaking any climate actions. … Continue reading The tourism industry’s engagement with climate justice is well overdue
To get someone to pay attention to climate change, put a price on it: rising insurance costs are doing just that
Andrew J. Hoffman, Professor of Management & Organizations, Environment & Sustainability, and Sustainable Enterprise at the University of Michigan writes on The Conversation website about why home insurance rates are rising so fast in the United States. He discusses at length what is happening in the US. Is the same happening in your country? Interestingly, … Continue reading To get someone to pay attention to climate change, put a price on it: rising insurance costs are doing just that
Seven out of the state’s top 12 insurance companies have pulled back coverage in the last year in California due to wildfires and the rising costs of such risks
This should be a wake-up call for greater efforts to mitigate GHG emissions. The actions of the nation’s biggest state could have implications for U.S. consumers, as more carriers leave disaster-prone states. Brianna Sacks discusses latest developments in an article on the Washington Post website. Are there similar developments where you are? California plans … Continue reading Seven out of the state’s top 12 insurance companies have pulled back coverage in the last year in California due to wildfires and the rising costs of such risks
Energy in Demand - Sustainable Energy - Rod Janssen 