global warming News
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 ...
Price Tag for Paris Climate Change Deal: $12.1 Trillion Over 25 Years
If the world is serious about halting the worst effects of global warming, the renewable energy industry will require $12.1 trillion of investment over the next quarter century, or about 75 percent ...
Natural Disaster Insurance Claims Plunged in 2015, but Climate Change Hurt: Munich Re
Insurers paid out around $27 billion for natural disaster claims last year with weather causing 94 percent of incidents, underscoring the challenge posed by climate change, data from reinsurer Munich ...
Division Between Rich & Poor Nations Highlighted as Climate Talks Resume
Just days before global negotiators were set to meet for talks on climate change, Tropical Storm Erika killed at least 20 people on Dominica. The small Caribbean island evoked the tragedy to ...
Is Climate Change Now Its Own Industry?
Interest in climate change is becoming an increasingly powerful economic driver, so much so that some see it as an industry in itself whose growth is driven in large part by policymaking. The $1.5 ...
Global Warming Debate: Should Insurers Ditch Carbon Investments?
Insurers and reinsurers are applying underwriting and risk management expertise to support an environmentally sustainable future, but the question of exactly how they'll use investment dollars toward ...
Monster El Niño Makes Record Hot Year Look Inevitable
In more than 135 years of global temperature data, four of the five hottest months on record all happened in 2015: February, March, May and now June. This has been the hottest start to a year by far, ...
Study Says 2014 Climate Melted Records
Global sea levels swelled to a high, tropical cyclones continued to multiply and the world's thermometer set a record in 2014, according to a new report tracking the Earth's climate. The report, an ...