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Climate change and an unwillingness on the part of owners and regulators to face up to infrastructure risks played a deadly role in the collapse of the Champlain Towers South in Surfside, Fla.
Here are the lesser-known elements driving environmental losses, and why we shouldn’t expect this trend to slow down any time soon.
Construction has successfully been able to reduce the number and impact of fire incidents. Now’s the time to focus on flood risk and do the same.
A recent report from the Natural Wildlife Federation and Allied World takes a look at how natural features can be used to reduce the amount of damage caused by Nat CATs.
The impending hurricane season is expected to be very active. Risk managers already busy fighting COVID-19 will have to redouble their efforts.
This year’s index gives CFO’s a glimpse into their position for recovery post-pandemic.
Swiss Re’s report looks at insured and uninsured economic losses caused by disaster events in 2019.
With the ever-evolving risk landscape, risk professionals have to stay on top of today’s biggest drivers of change to combat tomorrow’s business roadblocks.
The financial pressure on risk managers and businesses to address flooding risk in the wake of climate change is mounting. Here are a few ways to start.
A new report by consultants at Oliver Wyman shows that the world’s financial sector stands to lose $1 trillion if governments adopt a carbon tax.
As the effects of climate change increase in severity, world financial leaders debate over just how much the crisis is affecting the global economy.
The two most important causes of travel risks in the year ahead? The impact of climate change and potential final year of the Trump administration.
1,680 of the nation’s high-hazard dams are in risky condition. When they break they endanger people, interrupt businesses and cause massive property damage.
A new report from Argo surveyed brokers on the top risks the industry will be facing as we head into 2020.
If it can be determined that individual companies are responsible for climate change, investors and insurers might want to brace themselves for massive payouts.
In our economy’s engine, capital is the fuel and insurance is the oxygen. How insurers pivot and manage their exposure to climate change could yet play a major role in reducing the threat.
A recent study released by FM Global and commissioned from Pentland Analytics outlines hurricanes’ direct effect on shareholder value.
It is in the self-interest of the financial industry to address new risks brought about by climate change and to scale up the necessary investments to make our societies more resilient.
A number of commercial insurance carriers have now announced that they will limit their investments and underwriting activities around coal, including Chubb.
Climate change is generating powerful storms, excess flooding and billions in damages. These are the risks insurers need to keep an eye on as temperatures increase.
Officials are pushing “sustainable insurance” in areas of high risk and beyond, but what does that mean exactly?