Tag: climate change insurance

Climate change challenges getting the best of most insurance companies

Julie Campbell
climate change challenges

A recent report showed that the majority of insurers are not keeping up with the trends when making investment decisions. When it comes to the climate change challenges faced by insurance companies, many are not being met. In fact, a recent study said 90 percent of insurers are failing in this important area. Insurance companies aren’t considering climate change when they decide on investments, said the report. This information was presented by the Asset Owners Disclosure Project in a report they published. The Asset Owners Disclosure Project conducted the research.…

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Warren Buffett’s insurance industry forecast might surprise you

Julie Campbell
Berkshire Insurance Unit - Warren Buffett of Berkshire Hathaway

According to the head of Berkshire Hathaway, insurers should worry about self-driving cars, not climate change. At the Berkshire Hathaway shareholder meeting last weekend, Warren Buffett shared his insurance industry forecast and brought up a number of trends and innovations that have been the topic of conversation among experts in this arena. The main point that has drawn the spotlight is that Buffett doesn’t feel climate change will harm the industry. According to the insurance industry forecast he shared, climate change shouldn’t be causing any pain to his business. This…

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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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