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Report: Insurance Companies Unprepared for Climate Change Risks

Report: Insurance Companies Unprepared for Climate Change Risks

Eighty-three percent of insurance companies responding to an industry survey are lacking preparedness in addressing climate-related risks and opportunities, according to a report released today by Ceres and the National Association of Insurance Companies. Only nine insurers, or 3 percent of the 330 responding companies, earned a “leading” rating, with the … Read more »

R!SE

How Businesses Can Stop Climate-Related Economic Loss

The UN has launched an initiative to mainstream disaster risk management into corporate planning and investment decision-making: a digital globe that shows current and possible future effects of climate change. The R!SE initiative aims to help quell economic loss from geographic events and is a response to 10 years of record-breaking … Read more »

Natural Disaster-Related Economic Losses ‘Out of Control’

Natural Disaster-Related Economic Losses ‘Out of Control’

The United Nations warned economic losses linked to natural disasters are out of control, soaring past $100 billion annually for three consecutive years, and will continue to escalate unless risk management becomes a central piece of business investment strategies. The warning came as the UN released the third edition of … Read more »