ESG

The charity said that improved ecosystems could help protect from disasters.

Activists from the left and the right are focusing on insurance, often on the same issues.

California’s insurance regulator has Fair Plan depopulation, cat models on his mind.

Economic volatility, including from tariffs and rising interest rates, is reshaping risk profiles for specialty insurers.

The awards, now in their fifth year, will be held in New York at 583 Park Avenue on September 25.

Top companies eliminated or heavily modified language related to DEI this year, analysis shows.

It is the second deliverable of the FIT Transition Plan Project.

A first-of-its-kind resolution adopted this week says subrogation can reduce insurance costs.

The decision comes after the agency refused to block a climate related vote at Travelers.

The decision is the first of its kind under the new Trump administration.

The suit accuses CEO Brian Cornell and other Target executives.

Anti-DEI shareholder activist groups are targeting directors and officers with increasing threats of litigation.

Frequency and severity of claims is starting to rise, and comes after sharp softening of rates.

The report aims to plug the gap in insurance-specific guidance.

The plaintiff is seeking damages in excess of $35,000 as well as a trial by jury.

The US regulator faces litigation from both sides of the climate issue.

The companies originally established the capacity agreement in January 2023.

A more business-friendly approach will be offset by increased uncertainty.

ECLiC discussed how climate litigation can impact the Lloyd’s market.

A new Geneva Association report says the early involvement of (re)insurers is key to supporting the growth of emerging technologies.

Directors and officers face an increased risk of litigation next year, according to a report.

With this approval, Aon brokers and clients can begin placing insurance through wholesaler and MGU Embrace.

The 30-strong segment will combine reinsurance and capital markets with data, analytics and technology.

A summary of commentary from the second day of Inside P&C New York, with insights on InsurTechs, MGAs and Vesttoo.

The report also highlighted general liability policies as an area of potential exposure to insurers.

The Net-Zero Insurance Alliance has said its Target-Setting Protocol will now serve as a “voluntary best-practice guide”.

A six-month deadline for carriers to publish emissions targets could be dropped.

Inside P&C’s news team runs you through the key highlights of the week.

While insurance regulators are making headway in accounting for climate-related risks, these efforts are preliminary and fragmented across states.

Need to Know

The executive worked for WTW for more than two decades.

California Insurance Commissioner Ricardo Lara was speaking about climate change's impact on insurance pricing at the Bermuda Climate Summit.

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.

The investigation enquires into how the US insurance industry evaluates, invests in or underwrites fossil fuel expansion projects.

The structure envisages bringing in philanthropic capital to provide project funding to mitigate disaster risk as part of ILS deals.

Munich Re, Swiss Re, Hannover Re and Zurich have all abandoned the project in the past eight weeks.

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.

The Swiss reinsurer follows Munich Re, Hannover Re and Zurich in withdrawing from the alliance.

In the latest threat to the NZIA, 23 state AG have warned members that collaboration on decarbonization targets may not square with federal law.

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.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Zurich’s decision comes less than a week after Munich Re decided to withdraw from the UN-backed initiative.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

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.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Maria Guercio, Melanie Markwick-Day and Jared Concannon join the unit as executives.

The decision is the carrier’s latest step in its ambition to transition to a low-carbon economy.

Human rights groups have issued a complaint to a US mediation body alleging that Marsh has violated OECD guidelines for corporate standards.

The insurance industry must use its extensive risk management expertise to mitigate the risks of climate change, the chair says.

The company has also employed Margaret Peloso as global climate officer.

Several structural factors, including the pricing cycle, make insurers more insulated from US activist states. 

The correlation between a good ESG score and low loss ratio is strongest in property insurance, the report shows.

The project, funded by Agence Française de Développement, was revealed during the G20 Leaders’ Summit in Bali.

Marsh McLennan is mobilising the insurance industry to support the UN’s Race to Resilience initiative, starting by featuring 17 climate adaptation projects.

The broker warned that more insurers will restrict or drop oil and gas business in the coming years.

The Federal Insurance Office seeks to collect underwriting data on homeowners’ insurance from carriers writing above $100mn in premium.

The transport sector has the largest investment gap, needing an estimated $114tn to build greener infrastructure.

The tool scores (re)insurers’ books on a scale of one to five on how well they serve communities.

Inside P&C’s news team runs you through the key highlights of the week.

While regulations and shareholder proposals draw concerns, the insurance industry also sees ESG efforts as tool for drawing new blood to the business.