climate risk Archives - Carrier Management

The Global Urgency of Building the Carbon Removal Industry

"If you build it, they will come." This famous, but paraphrased, quote from the film "Field of Dreams" is apropos of the fledging carbon removal industry. The demand is there, but supply needs to be ...

Insurance Industry Support of Carbon Removal Needed in Drive to Net Zero

Ditching investments in fossil fuel businesses—and denying them insurance—aren't the only ways for the insurance industry to participate in the drive to net zero greenhouse gas emissions, ...

The Climate Is Changing. Here’s How Insurers Can Change With It

As the effects of climate change make themselves increasingly apparent in our world, businesses and individuals alike are rising to the occasion, in ways big and small, to help protect the ...

Reinsurers’ Estimates of Climate Risk Exposure Could Be Way Off: S&P

Reinsurers' estimates of their exposure to natural catastrophe risk could be underestimated by 33%-50%, according to a report published by S&P Global Ratings. "Unmodeled risks and the inherent ...

XL Group CEO McGavick Urges Caution Toward Fossil Fuel Divestment Pressures

XL Group CEO Mike McGavick is standing firm against the push for insurers to divest from fossil fuel. He's urging caution, even as those efforts continue. "I hope we're really thoughtful about the ...

2014 May Be Warmest Year on Record: WMO

Record-high ocean temperatures will make 2014 the hottest year on record—or at least among the very warmest—in evidence of a long-term trend of global warming, the U.N.'s weather agency said on ...

Industries Look to UN Report for Guidance on Climate Risks

Companies increasingly factor extreme weather into their strategic planning and a report from the United Nations due on Friday is expected to underscore the heightened risks they face. Extreme ...