disasters


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Around 70% of economic losses linked to infrastructure damage from natural disasters are uninsured

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.

Munich Re’s NatCatService recorded 750 medium and large scale loss events from natural causes in 2016 – significantly above the ten-year average of 590

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.

Exposure to climate-related disasters such as floods, storms, or sea-level rise could have a huge impact on property and infrastructure, destroying value and raising insurance rates overnight

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.

Unexpected pollution incidents an lead to significant fines and a substantial bill for environmental remediation

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.

The complaint demands an investigation into the top 50 investor-owned companies which release the most CO2 emissions annually

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'.

The report's lead author Dr Ana Gonzalez Pelaez argues that as many people as possible need to have access to insurance

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.

Economic losses from natural disasters in the last decade amounted to around $1.9trn while insured losses were about $600bn.

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.

 From 1980 to 2014, there were 178 'weather events' that cost $1bn or more

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.

Dr Aled Jones predicts that plummeting fuel stores will be insignificant compared to the planet's changing water levels

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.


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