Category: insurance

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 →

Reinsurance and renewable energy

An article on the Climate Group website explains how improved energy productivity and renewable energy are having a positive impact for Swiss Re, one of the major reinsurance companies.   Good for business: how energy productivity and renewable power are saving Swiss Re millions of dollars every year Walking the talk on renewables In the … Continue reading Reinsurance and renewable energy →

Huge protection gap as a result of rising impact of climate risks

Mark Kinver writes an important article on the BBC News website about a recent study that shows that the insurance sector’s role as society’s risk manager is under threat, given the increased threat from climate change. It will be interesting to know how policymakers respond to this important issue.   Climate protection gap widening, warns … Continue reading Huge protection gap as a result of rising impact of climate risks →

Insurers are now showing a greater interest in renewable energy

We have been deploying renewable energy technologies on a large scale for many years now but as Elizabeth Pfeuti writes on the Chief Investment Officer website that after a period of hesitation European insurers have jumped into renewable energy infrastructure investment.   Insurers Commit to Renewable Energy Infrastructure A consortium of European insurers have committed … Continue reading Insurers are now showing a greater interest in renewable energy →

The benefits of insurance as a catalyst for investment in energy efficiency

EiD has provided recent posts on the role that the insurance industry can play to promote energy efficiency. ClickGreen writes about the role that energy efficiency must play to meet our climate targets and the role that the insurance industry can play to help.   50% of emissions targets will need to be reached by … Continue reading The benefits of insurance as a catalyst for investment in energy efficiency →

More assessment on how the global insurance industry is prepared for climate change

Following the actions of the Bank of England, there is more analysis on the insurance industry. This article by Jacqueline Nelson in Canada’s Globe and Mail reports on recently published analysis.   Insurers lack ‘preparedness’ in climate cases, study finds The effects of climate change could lead to stormy conditions for global insurers – and … Continue reading More assessment on how the global insurance industry is prepared for climate change →

Maybe Canada will wake up to importance of climate change

Chris Plecash writes in the Hill Times of Canada about the rising insurance claims due to extreme weather events associated with climate change. This is going to happen in more than Canada and hopefully we will all be prepared.   Extreme weather events beginning to take a toll on Canadian infrastructure, economy Extreme weather events … Continue reading Maybe Canada will wake up to importance of climate change →