Climate Change

California Faces $36 Billion Price Tag to Build Durable Wildfire Catastrophe Fund, State Study Finds

A report by the California Earthquake Authority concludes that the state’s current systems for managing wildfire risk are failing ratepayers, insurance policyholders, and disaster survivors.

Extreme Weather Disrupts Workers’ Lives, Posing Underestimated Risk to Business Continuity

Severe Convective Storm Losses Hit $208 Billion Over Three Years as Hail Emerges as Top Claims Driver

Natural Catastrophe Insured Losses Hit $107 Billion in 2025 as Wildfire and Storm Risks Accelerate

Insurance Industry Takes Strategic Stand on Resilience, but Adoption Lags

Recently in Climate Change

Insuring the Climate Transition: How Rethinking Agricultural Norms Helps Farmers Respond to Growing Climate Risks

The agricultural sector will need to transition to sustainable practices to help fight climate change. Here’s how the insurance industry can help.

From CAT 5 to Secondary Perils, How Insurance Is Battling Climate Change from an Underwriting and Investment Perspective

As climate change events increase in frequency and severity, insurance companies have no choice but to shift their underwriting and investment focus.

Insuring the Climate Transition: 3 Key Actions the Net-Zero Insurance Alliance Is Taking to Globally Reduce Emissions

Net-zero insurance will play a key role in helping the global economy reach the ambitious climate goals needed.

Jana Utter’s Top-Notch Knowledge of ESG Risk Factors Enabled Her to Teach Colleagues Health Care’s True Environmental Impact

Jana Utter of Centene made ESG a priority long before it became a buzzword. And her efforts are paying off each day.

Insuring the Climate Transition: Why Our Industry Is Perfectly Poised to Curb This Crisis

Insurance is in a unique position to put the brakes on global climate change. Now is the time to act.

How to Guard Against Flying Embers and Other Wildfire Prevention Advice from Experts at Munich Re

The property market for commercial properties, such as wineries, that are exposed to wildfire risk in California is changing significantly.

Is Weather Risk a Workers’ Comp Problem?

Climate change poses immense safety risk to the workforce, says Jeff Rush of California JPIA. Employers must understand their exposures.

The BBDA’s Steve Weinstein Shares His Climate Change Vision

Taking a leading role in battling climate change is a topic close to the heart of Steve Weinstein, chairman of the Bermuda Business Development Agency.

8 Questions for Delos Insurance CEO Kevin Stein

“We leveraged our wildfire science and aerospace engineering expertise to develop a suite of wildfire models that includes a novel geospatial AI algorithm.”

How Inflation, Supply Chain, Energy Costs and Property Valuations Amplify Hurricane Risk

Hurricane predictions expect at least19 named storms in 2022, four of which could be CAT 3 or larger.

Stay Green. Know Your Next Steps Under the SEC Climate Disclosure Rules

The rule will lay out a framework for companies to disclose their climate risks and emissions data.

So, How Insurable Is Flood Risk?

The private insurance sector can do more to stem flood risk, according to this Swiss Re report.

Don’t Worry, Newly Proposed SEC Climate Change Rules Could Boost Your ERM Strategy. Here’s How

The SEC maneuvered ESG factors further into the risk category with its recently proposed rule.

and

Stop Blaming the Little Guy. Climate Change Is a Big Business Risk, and It’s Time Corporations Acted

Several reports reveal startling information regarding large corporations’ roles in the ever-growing climate crisis.

U.S. Flooding Losses Could See a 26% Uptick by 2050. You Can Thank Climate Change

A new study examines how U.S. flood risk could increase due to global climate change.

Opinion | What’s a ‘Feral Swine Bomb’? Don’t Worry, It’s Just Another Distraction from the Risks You Should Be Concerned About

Too many people living by the ocean and overwhelming infrastructure isn’t the government’s fault. It’s a product of entitlement.

Construction Insurance Pricing Reaches a Crossroad. Are Labor and Material Shortages and Climate Change to Blame?

Construction insurance pricing is being impacted by several risks of note that underwriters must review.

2021’s Top Risks in Review and How We Can Anticipate the Ones to Come in 2022

This risk manager’s take is that we need to continue to focus on resiliency, not merely loss avoidance.

Risk & Insurance Conference Update: What Was Discussed at the 2021 National Disaster Resilience Conference

Weather and risk professionals gathered in Florida for the 2021 National Disaster Resilience Conference.

ESG Regulatory Risk Got Your Attention? Don’t Overlook Environmental Risks

A mere 9% of businesses rank environmental as the top risk in 2022. What that means for the industry moving forward.