Tag: climate change

Will the global insurance industry save us from climate change?

G. Turner
global insurance industry - earth day plant growth

Earth Day turned a lot of heads toward the critical environmental issues we’re facing. The global insurance industry has stepped up and has shown that it was listening when scientists around the world made it clear that the top message they wanted to share on Earth Day 2016 was that the planet’s temperatures are rising. Regardless of whether people agree with the cause of the matter, it is happening in a measurable way. Why is the global insurance industry showing concern? For one thing, it’s made up of people who,…

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Climate risk insurance gets $30 million from United States

Julie Campbell
health care reform rebate money

The goal of this investment into the coverage is to help to ensure the poor will be protected against changing weather patterns. President Barack Obama recently announced that the United States would be contributing $30 million toward coverage from climate risk insurance programs throughout the Pacific, Central America and Africa. The announcement was made by the president while he attended a meeting in Paris with small island nation leaders. The U.S. Department of State added to the president’s announcement by explaining that these funds are a component of a larger…

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Climate change extremes force the insurance industry to form new strategies

Julie Campbell
climate change insurance industry

As the weather breaks away from historical trends and reaches record breaking highs and lows, insurers face increasing costs. Now that climate change has become a measured and broadly accepted occurrence – despite the ongoing controversy surrounding its cause – the insurance industry is finding itself facing the brunt of the costs generated by the damage caused by extreme weather and it is seeking new strategies to reduce those expenses. In order to do this, insurance companies are hoping that efforts can be made to reduce damages in the first…

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Climate change is proving unsettling for insurance agents

Julie Campbell
Climate Change Insurance agents Industry

Lloyd’s of London has revealed that it is starting to look into potential catastrophes from the new reality. Lloyd’s of London has just released a document that is rather unsettling to insurance agents in the way that it has shown that it is currently exploring potential apocalyptic disasters that could result from the impact of climate change on the current structure of the world. The report detailed the way that there could essentially be a worldwide meltdown from a food supply chain failure. This was far from the type of…

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Current insurance trends aren’t enough protection from climate change

Julie Campbell
Natural Disaster damage insurance trends

Wealthier nations can afford the premiums for coverage but poorer countries don’t have that privilege. The insurance trends that are currently in place do have a focus on providing protection for those who are the most vulnerable against the types of peril that the weather can cause, particularly in the case of farmers who are the primary suppliers of food. But as extreme weather becomes more commonplace, some wonder whether these efforts will be enough. While many believe that the necessary arrangements will be possible to protect against the damage…

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