Category: ECO_INSURANCE_CN

Dr. Lou Gritzo, vice president and manager of research at FM Global, joins StrategicRISK to talk about the changing climate and how businesses can make resilient choices. Lou, thanks for joining us to discuss climate resilience.

Three in four Long Island homeowners insured under the National Flood Insurance Program will see their premiums rise next year, while a smaller contingent will see their annual bill cut by $1,200 or more.

A federal effort to make private flood insurance available to FHA borrowers in flood zones is nearing final approval, according to the White House’s latest climate-risk report.

In the weeks since Hurricane Ida flooded her Maplewood, N.J., basement with eight inches of water, Ingrid Nagy has been trying to figure out how to financially protect herself from the next big storm.

Just over half of all directors at 30 of the world’s largest insurance companies have affiliations to polluting companies and organisations, reveals an investigation by DeSmog, including several individuals holding senior roles at some of the world’s largest energy companies.

Climate change has returned to the top of the list of insurers’ biggest concerns as the vaccine roll-out and gradual lifting of health restrictions see pandemic fears ease in many countries.

Insurance, a basic necessity for any business, is becoming increasingly expensive for some coal and oil sands companies.That’s because a growing number of insurers are refusing to underwrite companies involved with producing or transporting the most emissions-intensive fossil fuels. Insurance executives are responding to pressure from environmental activists, climate change liability litigation and even their own children, experts and environmentalists say.

Wildfires in California and Oregon. Hurricanes that wreak havoc from the Gulf Coast up to the Northeast. Hail in the Midwest that is so big and falls with such intensity that it punctures roofs.