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
Category: insurance
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
Silencing climate voices in the insurance industry, but not actions
There have been recent attacks by Republican-led states in the US against investors and insurers who integrate the risks of climate change into their business models. Rachel Kyte, Dean of the Fletcher School at Tufts University writes on The Conversation website that, while voices may have changed, for the most part actions have not. Fewer … Continue reading Silencing climate voices in the insurance industry, but not actions
Insurance companies also wield enormous power over the energy transition
Insurers are paying more for extreme weather while continuing to finance and underwrite activities that warp the climate. They can block or enable fossil fuel projects by choosing whether to insure them and for what price. Speeding up the switch to green energy would cut their exposure to catastrophic weather. Climate activists are pushing them … Continue reading Insurance companies also wield enormous power over the energy transition
Some of the first disputes over insurance coverage for climate crisis
Aloha Petroleum, a subsidiary of the US-based Sunoco, filed a claim against AIG’s National Union Fire Insurance Company of Pittsburgh earlier this month, arguing it had failed to protect Aloha from the mounting costs of defending climate-related claims by local governments in Hawaii. This is one of the first disputes over insurance coverage for climate … Continue reading Some of the first disputes over insurance coverage for climate crisis
Energy in Demand - Sustainable Energy - Rod Janssen 