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insurance

Study: Insurers face $151bn annual loses from natural disasters

Risk

Study: Insurers face $151bn annual loses from natural disasters

Urban expansion, climate change, and increasing frequency of extreme weather events drive average annual natural catastrophe loses to new high, report finds

clock 04 September 2024 • 2 min read
Marsh launches 'first-of-its-kind' insurance for carbon transport and storage projects

Risk

Marsh launches 'first-of-its-kind' insurance for carbon transport and storage projects

Insurance broker debuts new insurance solution specifically designed for projects that transport and store captured carbon dioxide

clock 16 August 2024 • 3 min read
'Adverse weather': Insurance industry reports record level of payouts as climate impacts bite

Risk

'Adverse weather': Insurance industry reports record level of payouts as climate impacts bite

Association of British Insurers confirmed industry paid out £1.4bn during the second quarter, with weather impacts fuelling record level of claims

clock 14 August 2024 • 3 min read
'Without sufficient insurance, a smooth transition will be impossible': Report warns escalating climate risks could derail net zero investment

Investment

'Without sufficient insurance, a smooth transition will be impossible': Report warns escalating climate risks could derail net zero investment

New report warns global insurance premiums for climate resilience and natural catastrophe protection are set to increase by 50 per cent by 2030 putting further pressure on efforts to reach net zero

clock 26 June 2024 • 3 min read
Swiss Re warns of 'cascading' climate risks to supply chains and society

Risk

Swiss Re warns of 'cascading' climate risks to supply chains and society

Insurance giant highlights raft of interconnected emerging risks linked to climate change that threaten to trigger business losses and economic slowdown

clock 14 June 2024 • 5 min read
Report: World hit by $41bn of extreme weather damage this year

Risk

Report: World hit by $41bn of extreme weather damage this year

Yet Christian Aid report also warns insured climate damages figure is highly likely to be a significant underestimate

clock 10 June 2024 • 4 min read
'First 100 days': Investment giants urge next government to move quickly to boost green investment

Investment

'First 100 days': Investment giants urge next government to move quickly to boost green investment

Investment Delivery Forum sets out Partnership for Prosperity programme, calling on whoever forms the next government to take urgent steps to boost public-private investment in green projects

clock 19 April 2024 • 4 min read
Weather-related insurance claims from UK homes and businesses top £1bn for first time

Risk

Weather-related insurance claims from UK homes and businesses top £1bn for first time

Succession of storms drove value of damage claims last year to record levels, as insurers grapple with worsening climate impacts

clock 15 April 2024 • 2 min read
'Triple whammy': World's largest insurers accused of 'abject failure' to tackle rising emissions

Investment

'Triple whammy': World's largest insurers accused of 'abject failure' to tackle rising emissions

Major study of world's 65 largest insurers details 'triple whammy' of underwriting and investing in projects fuelling global warming, environmental damage, and failing to protect human rights

clock 11 April 2024 • 4 min read
Over half of FTSE 100 companies now engaged in tree-planting initiatives

Risk

Over half of FTSE 100 companies now engaged in tree-planting initiatives

Research from insurance company Chaucer shows increase in companies planting trees in support of net zero targets

clock 15 March 2024 • 2 min read
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