Tag: global warming

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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Insurance industry calls for action on climate change

S.Vagus
Natural Disasters - Insurance Industry

Report from coalition calls for better disaster preparedness A coalition of large insurer, consumer advocacy groups, and environmental organizations called SmarterSafer has release a report that is urging the U.S. to overhaul its disaster policies in light of increasingly disastrous weather related to climate change. The insurance industry has expressed concern over climate change for years, urging companies to prepare for violent weather and petitioning governments to take more action against this phenomenon or risk potential financial disaster. Report highlights the fault of the disaster framework in the United States…

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Insurance industry may need to take climate change seriously

Marc
climate change weather storm insurance industry

Insurance regulators are calling for insurers to become more prepared for climate change Insurance regulators in the United States may be growing more supportive of efforts to combat climate change. This climatic phenomenon has the potential to be the most disruptive force that the insurance industry has faced in its long history. Regulators throughout the country, represented by the National Association of Insurance Commissioners, are calling for the insurance industry to take climate change more seriously and help businesses prepare for the potential impact of this phenomenon. Regulators are becoming…

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Insurance companies aren’t ready for climate change

Julie Campbell
climate change weather storm insurance industry

A new report has shown that insurers in the United States aren’t prepared for risks associated with global warming. According to a report that was recently produced from a survey conducted by Ceres, an environmental investigator advocacy group, the majority of American insurance companies are in no way prepared to address the types of risks that could arrive as a result of climate change. This study determined that this could bring about widespread negative consequences in dealing with this important issue. Ceres surveyed 330 different insurance companies that represent about…

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