Weather Risk

Recognizing the need for insurance-risk transfer in Caribbean states vulnerable to climate change, Munich Re says it has received permission to launch a program that provides insurance to workers and farmers most likely to suffer from hurricanes and floods in the region.

Insurers can play a vital role in the development of renewable energy by producing risk-transfer programs and making corporate investments themselves, says insurer Munich Re.

Climate change will lead to 10 times the number of hotter days in many areas, with more heavy precipitation and higher wind speeds globally, but adaption and mitigation can reduce the risks significantly, according to a new report.

Climate change will lead to 10 times the number of hotter days in many areas, with more heavy precipitation and higher wind speeds globally, but adaption and mitigation can reduce the risks significantly, according to a new report.

John R. Coomber, a Swiss Re director who has consistently identified climate change as a significant risk, will become the new chairman of ClimateWise, the global insurance industrys leadership group formed to reduce the risks of climate change.

With the global climate expected to rise 4 degrees Celsius rather than the projected 2, adaptation and resiliency are mandatory for the survival of vulnerable populations, according to experts here.

Insurer Steadfast does not have a duty to defend AES Corp. in a climate change case alleging that AES emissions have contributed to rising sea levels threatening the village of Kivalina, Alaska.

Insurer Steadfast does not have a duty to defend AES Corp. in a climate change case alleging that AES emissions have contributed to rising sea levels threatening the village of Kivalina, Alaska.