International
Droughts, Floods, Other Water-Related Disasters Could Cost Economy $5.6T by 2050
Worsening droughts, storms and torrential rain in some of the world's largest economies could cause $5.6 trillion in losses to the global economy by 2050, according to a report released on Monday. ...
Why Are the World’s Rivers, Canals and Reservoirs Turning to Dust?
Rivers across the globe are disappearing. From the U.S. to Italy to China, waters have receded, leaving nothing but barren banks of silt and oozing, muddied sand. Canals are empty. Reservoirs have ...Europe’s Record-Breaking Summer Heat Wave Will Be the Norm by 2035: Report
Europe's record-breaking heat wave will be just an average summer in less than 15 years — even if countries meet their climate goals — with regular droughts and fires set to become the norm. By ...
‘Hating ESG’: Advocates Are Looking to Replace the Label
A number of sustainable investing champions say it's time for the "ESG" label to be shelved and replaced by something less likely to draw attacks from both the political right and left. Robert ...
Gas Producer Santos Faces New Climate Claim in Landmark Greenwashing Case
Activists mounting one of the world's first legal challenges over corporate greenwashing have expanded a case against gas producer Santos Ltd., raising fresh allegations about the company's climate ...
Rising Premiums, Low Catastrophe Losses Boost U.S., Bermuda Reinsurers’ H1 Profits
U.S. and Bermuda reinsurers reported strong operating performance for the first six months of 2022, supported by continued pricing increases in most reinsurance and specialty lines of business as ...
Rising Inflation to Hit Profits of European P/C Insurers: GlobalData
Rising inflation in Europe, which jumped to 8.9 percent in July 2022—the highest in 25 years—will hurt the profitability of property/casualty insurers in 2022-2024, according to London-based data ...
Lloyd’s Insurers Must Exclude State-Backed Cyber Attacks to Avoid Systemic Risks
Lloyd's insurers must exclude state-backed cyber attacks in standalone (or affirmative) cyber policies, according to a Lloyd's market bulletin issued this week. The exclusion would include liability ...