Climate Change
How carriers can save money — and the environment — through claims
A new claims solution may help carriers save costs during the claims process while also saving the environment. Through the...
Munich Re to stop its backing for new oil and gas fields
BERLIN (AP) – Munich Re, one of the world’s biggest insurance companies, said Thursday that it will stop backing new...
GRC policy includes increased compliance costs for rebuild, court rules
Guaranteed replacement cost (GRC) coverage for rebuilding a flooded home in an area regulated by a conservation authority includes the...
How Hurricane Ian will strain insurers’ capacity
Hurricane Ian’s Florida landfall last week and subsequent return to the Carolinas means it’s shaping up to be one of...
Environment commitments not met by Canada’s oil and gas companies, new report shows
Most of Canada’s oilsands producers have made little progress on their goal to decarbonize the sector despite historically high profits...
How brokers can prevent D&O clients from getting burned for greenwashing
Investors are increasingly pursuing companies for ‘greenwashing,’ referring to company directors who misrepresent their climate credentials or fail to act...
Hurricane risk: What the future holds for Canada
Canada will be increasingly at risk for more frequent and severe hurricanes going forward due to climate change, Swiss Re...
Global climate disclosure standards will take time and money, P&C industry warned
Canada’s solvency regulator is seeking to harmonize climate risk disclosures with international standards, which some Canadian P&C insurers are viewing...
Climate change effect on public transportation infrastructure to cost billions: financial watchdog
TORONTO – Ontario’s financial watchdog says the effects of climate change are projected to cost the province an extra $1.5...
Do’s and don’ts for dealing with global warming claims
Insurers predict the frequency and sustainability of climate change-related litigation could soon become a significant issue. But there are ways...
