Weather Risk

Specialty P&C insurer responds to latest findings of U.S.-sanctioned panel of scientists

Specialty P&C insurer responds to latest findings of U.S.-sanctioned panel of scientists

WMO report details climate change and extreme weather impacts in 2013.

On Tuesday, I asked why Republicans are so much less likely than Democrats to worry about climate change, and wondered if the answer wasn't an aversion to more government spending and regulation.

Ping An Insurance Group, China's second-largest insurer, is teaming up with Ctrip.com to sell smog insurance to tourists traveling to seven Chinese cities, according to Bloomberg.

The rise of super-sized container vessels and the opening up of potentially hazardous routes through once-frozen Arctic waters pose the biggest new challenges to ships and their insurers, a report said.

Two buildings were leveled and eight residents were killed in a huge explosion the morning of March 12 in New Yorks East Harlem, igniting a five-alarm blaze. Dozens of people were reported injured.

Extreme floods like those swamping parts of Britain in recent months could become more frequent in Europe by 2050, more than quadrupling financial losses, if climate change worsens and more people live in vulnerable areas, research showed on Sunday.