Lloyd’s named as “climate wrecker” with insurers under pressure
Insurance groups operating on the Lloyd’s of London market are “climate wreckers of last resort”, a new report has said.
Climate insurance
COP28: loss and damage deal crucial as adaptation gap widens
The United Nations Environment Programme (UNEP) has released its latest Adaptation Gap Report, providing crucial data for the Loss and Damage Fund negotiations at COP28.
Climate-induced food and water shocks risk $5 trillion losses: Lloyd’s
In a scenario where extreme weather events lead to food and water shocks, Lloyd’s estimates that the world stands to lose $5 trillion over a five-year period.
Nestlé pilots weather insurance for 800 vulnerable coffee producers
Nestlé (SIX:NESN) is to pilot a weather insurance programme for more than 800 smallholder coffee suppliers in Indonesia.
Climate tech financing, Biodiversity Net Gain and litigation’s effect on insurance
Sustainable Growth Out Loud brings you fortnightly episodes on ESG, net zero and energy transition, helping you and your business stay on top of the latest developments. Hosted by SG Voice journalists Giulia Bottaro, Felicia Jackson and Heather Dinwoodie.
Climate litigation poses threat to business insurance: Gallagher re
The rise of climate litigation has left insurers wary of covering any business that may be at risk.
Costs of catastrophes rise as climate disclosure accelerates
The big news of last week was the agreement of the rules on climate disclosure bill for large Californian companies by the Assembly. The Climate Corporate Data Accountability Act is now in the hands of California’s Democratic Governor to see if it passes into law – if it does that means mandatory climate risk disclosure across the worlds fifth largest economy.
Targeting Congolese exploration, Greenpeace pursues insurers
Amid its efforts to prevent oil exploration in Congo Kinshasa, Greenpeace has found a new target: insurance companies.