Weather Risk

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.

Despite a broad consensus among insurers that climate change will have an impact on extreme weather events, few companies can outline their plan to manage the risks and opportunities associated with the risk, according to a report on a National Association of Insurance Commissioners survey.

The damage from Irene and other disasters means that property insurance premiums will likely rise across the board into 2012, says one research analyst.

In American Electric Power Co. v. Connecticut, the U.S. Supreme Court held in an 8-0 decision that the Clean Air Act displaced any federal common-law right to seek abatement of carbon-dioxide emissions from fossil-fuel-fired power plants.

The Supreme Court decision in American Electric Power Co. v. Connecticut is as noteworthy for what the justices did not decide as for what they did.

The Supreme Court decision in American Electric Power Co. v. Connecticut is as noteworthy for what the justices did not decide as for what they did.

Insurance is a major part of how we attempt to better deal with riskbut can it lead us to more viable ways to address climate issues?

The U.S. Supreme Court left federal regulation of greenhouse gases firmly in the hands of federal regulators, rather than the courts, with a decision reached on Monday.