ESG
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The US regulator faces litigation from both sides of the climate issue.
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The companies originally established the capacity agreement in January 2023.
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A more business-friendly approach will be offset by increased uncertainty.
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ECLiC discussed how climate litigation can impact the Lloyd’s market.
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A new Geneva Association report says the early involvement of (re)insurers is key to supporting the growth of emerging technologies.
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Directors and officers face an increased risk of litigation next year, according to a report.
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The 30-strong segment will combine reinsurance and capital markets with data, analytics and technology.
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A summary of commentary from the second day of Inside P&C New York, with insights on InsurTechs, MGAs and Vesttoo.
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The report also highlighted general liability policies as an area of potential exposure to insurers.
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The Net-Zero Insurance Alliance has said its Target-Setting Protocol will now serve as a “voluntary best-practice guide”.
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A six-month deadline for carriers to publish emissions targets could be dropped.
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Inside P&C’s news team runs you through the key highlights of the week.
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While insurance regulators are making headway in accounting for climate-related risks, these efforts are preliminary and fragmented across states.
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The executive worked for WTW for more than two decades.
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California Insurance Commissioner Ricardo Lara was speaking about climate change's impact on insurance pricing at the Bermuda Climate Summit.
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The Canadian mutual only announced its membership to the NZIA less than two months ago, joining several high-profile carriers to have exited the alliance.
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The investigation enquires into how the US insurance industry evaluates, invests in or underwrites fossil fuel expansion projects.
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The structure envisages bringing in philanthropic capital to provide project funding to mitigate disaster risk as part of ILS deals.
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Munich Re, Swiss Re, Hannover Re and Zurich have all abandoned the project in the past eight weeks.
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A report from WTW and the Institute of International Finance has found little correlation between companies’ operation emissions intensity and their climate transition value-at-risk.
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The Swiss reinsurer follows Munich Re, Hannover Re and Zurich in withdrawing from the alliance.
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In the latest threat to the NZIA, 23 state AG have warned members that collaboration on decarbonization targets may not square with federal law.
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Beneva has signed up to net-zero targets as a member of the NZIA, following a period of turbulence in which Munich Re, Zurich and Hannover Re have left the alliance.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Zurich’s decision comes less than a week after Munich Re decided to withdraw from the UN-backed initiative.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Industry climate alliances have received allegations from conservative politicians and regulators in the US that such commitments are illegal group activities that violate antitrust laws.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Maria Guercio, Melanie Markwick-Day and Jared Concannon join the unit as executives.
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The decision is the carrier’s latest step in its ambition to transition to a low-carbon economy.
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Human rights groups have issued a complaint to a US mediation body alleging that Marsh has violated OECD guidelines for corporate standards.
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The insurance industry must use its extensive risk management expertise to mitigate the risks of climate change, the chair says.
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The company has also employed Margaret Peloso as global climate officer.
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Several structural factors, including the pricing cycle, make insurers more insulated from US activist states.
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The correlation between a good ESG score and low loss ratio is strongest in property insurance, the report shows.