International
Four in Five of World’s Cities at Risk From Heat Waves, Floods, Droughts: Study
Four in five cities across the world are facing significant climate hazards such as heat waves, floods and droughts, data from environmental disclosure non-profit CDP showed on Thursday. CDP's report ...
Munich Re Commits to Stricter Policies for Oil & Gas Underwriting, Investments
Munich Re, the world's largest reinsurer, on Thursday announced stricter policies for investing in and underwriting oil and gas projects, drawing praise from environmental activists. The German ...
How Methane Leaks Accelerate Global Warming
Methane leaks have emerged as a top threat to the global climate, with the latest incident involving two Russian gas pipelines under the Baltic Sea that are at the heart of an energy crisis since ...
InsurTech Lemonade Launches in UK
Lemonade, the New York City-based insurer that is powered by artificial intelligence, has launched in the United Kingdom, following previous moves in France, Germany and the Netherlands. Founded in ...
Coalition of Insurers, Pension Funds Commit $7.1 Trillion to Support 1.5°C Climate Goal
A coalition of pension funds and insurance companies that includes Allianz SE, the California Public Employees' Retirement System and Zurich Insurance Group AG have committed to managing $7.1 ...
Barbados Issues 1st Pandemic-Protected Bond, Which Also Covers Natural Disasters
Barbados has issued the world's first government bond with a clause allowing payments to be suspended in the event of another global pandemic — a move expected to attract interest from dozens of ...
Mexico Struck by Powerful 7.5 Magnitude Earthquake on Fateful Anniversary
A magnitude 7.6 earthquake struck western Mexico on Monday on the anniversary of two devastating temblors, killing at least two people, damaging buildings, knocking out power and sending residents of ...
Assets of World’s Largest Companies at Growing Risk of Climate Impact: S&P
Over 90 percent of the world's largest companies will have at least one asset highly exposed to the physical impacts of climate change by the 2050s, according to data and analysis from index and ...