Accidental pipeline leaks – caused by things like punctures, corrosion, severe weather and faulty equipment – happen routinely and are a climate menace that is not currently counted in the official U.S. tally of greenhouse gas emissions, according to a Reuters examination of public data and regulatory documents.
Tag: climate risk
Climate Risk Is Becoming Uninsurable. Better Forecasting Can Help.
In North America, only 51% of natural-catastrophe risk is covered. In Europe, it is 44%, and in Asia a paltry 12%. The fear is that more areas could become uninsurable. Underwriting requires confidence that models somewhat accurately reflect risks, which climate change is amplifying in scary, unknown ways.
Climate Risk a Major Challenge for Insurance Industry, Treasury Says
Climate-related risks are becoming an increasing challenge for insurers, the U.S. Treasury Department said, urging state regulators to step up their so-far “limited” efforts to address the issue.
Climate Risk Increasing Concern for Airport Community: Willis Towers Watson
Willis Towers Watson, a leading global advisory, broking and solutions company, highlighted the top 20 risks faced by airports with climate risk becoming a major concern. As part of a recent conference held by the Willis Towers Watson Airport Risk Community (ARC), 86 percent of the audience felt that airports are either very exposed or… Continue reading Climate Risk Increasing Concern for Airport Community: Willis Towers Watson