Industry Segments: Climate Page 15 / 25
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- July 14 2022
Australia’s PM unveils climate plan as NSW flood claims approach US$100m
Anthony Albanese highlights large scale renewable energy plan, as over 12,000 claims lodged from recent flooding.
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- July 12 2022
IAG joins UN’s Net-Zero Insurance Alliance
The membership now represents close to 15% of the world’s premium volume.
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- July 12 2022
NSW claims rise to US$83m in latest flooding disaster
Over 10,500 claims have been lodged with insurers already, said the ICA.
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- July 8 2022
Down to the wire Australian renewals signal market shift
In fraught negotiations, reinsurers adapt to higher frequency of secondary perils and climate change.
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- July 8 2022
ICNZ issues climate warning as tornado claims top US$5m
ICNZ CEO Tim Grafton said the unusual event on North Island likely to become more common.
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- July 7 2022
Time to learn from Australia’s unmitigated disasters
As insurers' budgets come under pressure and nat cats intensify, mitigation needs to be prioritised.
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- July 6 2022
Australian market hit by ‘significant’ NSW flood event
Tens of thousands asked to evacuate in fast moving, dangerous situation.
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- July 5 2022
China explores parametric expansion after costly floods
Henan is the latest province to trial the cat innovation after payment was triggered in Guangdong last month.
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- July 1 2022
Mixed reaction to Australia’s cyclone pool modelling data
There are potential premium savings of 38%, but up to 24% of Queensland homeowner policyholders could see rises.
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- June 29 2022
Australia’s Feb, March floods now third costliest nat cat: ICA
The floods in Queensland and New South Wales have caused over US$3.3bn of insured losses.
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- June 24 2022
Market suffers lack of consistent ESG disclosure rules in Asia
Without a standardised framework, market-facing ESG information is not as valuable as it could be.
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- June 23 2022
IAG’s NRMA Insurance hit by 30,000 claims from Feb, March floods
54% of Australians worried their property will be damaged by wild weather within 12 months.
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- June 21 2022
Appraisal of Malaysian floods boosts case for digital claims
With 90% of economic losses uninsured more is required to persuade homeowners to buy cover.
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- June 17 2022
MS&AD joins Net-Zero Insurance Alliance
The UN initiative wants net-zero greenhouse emissions in underwriting portfolios by 2050.
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- June 14 2022
Macau extends nat cat scheme to black rain: report
The decision comes after heavy rain hit the SAR last week.
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- June 9 2022
Pressure group reveals insurers of Asian coal plants
Starr, Liberty, Berkshire, Allied and Lloyd’s named as the industry’s ‘last lifeline’.
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- June 3 2022
Australian floods: modellers struggle with ‘a single consistent view of risk’
Flood risk has become a major catastrophic burden for the Australian market, highlighting the importance of accurate modelling.
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- May 30 2022
Are Asian insurers doing enough to prepare for climate liability?
A Philippines inquiry finds companies liable for climate change - insurers should take note.
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- May 27 2022
Sompo joins Net-Zero Asset Owner Alliance
The firm also has a renewable energy business in order to help customers with their carbon commitments.
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- May 23 2022
ICA welcomes new Australian government
Labour Party has pledged to provide A$200 million a year for a Disaster Ready Fund.
