Weather Risk

Climate change will make wildfires in the U.S. West, like those now raging in parts of Colorado and New Mexico, more frequent over the next 30 years, researchers reported on Tuesday.

INSTITUTIONAL investors and environmental advocates are urging companies to follow a new guide on how to disclose their risks from the impact of climate change, according to a Reuters report.

A decade ago, insurers and agencies jumped on the green bandwagon, certain that the sustainable trend would grow. But slow growth in a stagnant economy keeps them waiting for delivery on the promise.

A decade ago, insurers and agencies jumped on the green bandwagon, certain that the sustainable trend would grow. But slow growth in a stagnant economy keeps them waiting for delivery on the promise.

Institutional investors and environmental advocates on Thursday urged companies to disclose their risks from the impact of climate change, two years after the U.S. Securities and Exchange Commission issued guidelines for firms to do just that.

Prompted by a lobbying group that supports efforts to reduce global warming, three insurance companies and the Association of Bermuda Insurers and Reinsurers (ABIR) have publicly renounced their support for the Heartland Institute, a libertarian research group.

The Heartland Institute and its insurance-centric Washington unit are negotiating a divorce, a process said to be accelerated by distress over the institutes now-suspended ad campaign linking support for global warming with serial killers.

Prompted by a lobbying group that supports efforts to reduce global warming, three insurance companies and the Association of Bermuda Insurers and Reinsurers have publicly renounced their support for the Heartland Institute, a libertarian research group.