New data hub offers financial oasis against climate-related hazards
A new global data community aimed at expanding the climate risk adaption strategies for the insurance and investment markets has launched this week (5 June), to protect economic losses incurred through damages to infrastructure during natural disasters.
Less than a third of $175bn natural catastrophe losses covered by insurance
Deadly storms and earthquakes across the globe led to the costliest twelve months for natural catastrophe losses since 2012, with insurers paying out around $50bn to cover just 30% of global losses.
Investors fear next financial crisis will be climate-related
A rushed transition to clean energy triggered by extreme weather events linked to global warming "will be very expensive" to swallow for the economy, investors warned policymakers at an event in Bratislava.
Environmental pollution - is your business watertight?
Business owners and site managers need to ensure that their facilities are protected from water pollution and flooding. How will spill containment systems work in a real-life emergency? Would regulatory authorities be satisfied that containment systems are effective? David Cole from Hydro Consultancy finds out.
Fossil fuel companies face world-first human rights complaint
Chevron, BP and Shell are among 50 oil companies who face an investigation from the Phillipine courts, after accusations that they have fuelled 'catastrophic climate change resulting in human rights violations'.
Insurance industry 'essential policy instrument' to help those at climate risk
The insurance industry must be utilized to protect citizens at risk from climate change, a new report from the University of Cambridge's Institute for Sustainability Leadership (CISL) has claimed.
Insurers: Governments must help us prepare for natural disasters
Insurers managing more than $9trn in assets have called on governments around the world to tackle climate change and build resilience to increasingly-common natural disasters.
Hottest year on record 'bad news for business'
As Nasa figures reveal 2014 was the hottest year on record, the World Resources Institute (WRI) says the soaring temperatures will soon have a heavy cost for businesses.
Social security 'will be swept away by climate change'
By 2060, social security systems may not be able to cope with the natural disasters and emergencies caused by climate change, the International Social Security Association (ISSA) has warned.