Board directors have been informed of the need to maintain focus on meeting the UK government’s target of a net zero carbon economy by 2050, as well as the short-term goal of reaching a 50% reduction in emissions during the decade. Speaking at a webinar jointly organised by Chapter Zero and Willis Towers Watson, Susan… Continue reading Boardrooms Urged Not to Let Climate Change Drop Off the Agenda After Pandemic
Tag: flooding
Are Floating Hotels, Office Buildings the Answer to Rising Sea Levels?
A real-estate investor is building 16 hotels for the 2022 soccer World Cup in Qatar, but they won’t be there for long. All of them will be floating on water. Admares, the Finnish company behind the project, reached a deal last month to build the temporary lodging. Chief Executive Mikael Hedberg got the idea for… Continue reading Are Floating Hotels, Office Buildings the Answer to Rising Sea Levels?
QBE Says Parts of Planet Becoming Uninsurable Due to Climate Concerns
Global insurance giant QBE has warned climate change poses a material threat to its business and the entire economy as its chief executive Pat Regan said premiums were at risk of becoming too high in areas exposed to repeated, extreme weather. The comments came after the insurer posted a statutory profit of $550 million, up… Continue reading QBE Says Parts of Planet Becoming Uninsurable Due to Climate Concerns
Serious Mortgage Delinquency Rates Tripled in Recent Disaster-Affected Regions
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its annual Natural Hazard Report including a look back at communities affected by wildfires, hurricanes, tornadoes and earthquakes in 2019. Based on CoreLogic research, as a result of natural hazards, 2019 could bring an increase in mortgage delinquency rates, taking 12 or… Continue reading Serious Mortgage Delinquency Rates Tripled in Recent Disaster-Affected Regions
Willis Re Reports on Insured Losses and Economic Impact Due to Natural Disasters
Willis Re’s insured loss estimates from major natural catastrophes in 2018 of about USD 69.5 billion are one of the highest since the 2011 annual market losses of USD 120 billion. This report from Willis Re summarizes economic and insured losses from the most relevant natural catastrophe events that occurred during 2018. The loss values… Continue reading Willis Re Reports on Insured Losses and Economic Impact Due to Natural Disasters
Report: Flooding and Storms in Europe Brought Significant Economic Loss in November
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, today launches the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during November 2019. The report reveals that flooding and inland storms led to… Continue reading Report: Flooding and Storms in Europe Brought Significant Economic Loss in November
California Officials Need to Move Faster on Sea Level Rise, Legislative Study Finds
In one of the most comprehensive assessments of the crisis that rising seas pose to California, an influential state panel issued a clarion call Tuesday, urging local officials to take ownership of the issue and lawmakers to move fast and consider much-needed legislation. The Legislative Analyst’s Office, a nonpartisan arm of the state Legislature that… Continue reading California Officials Need to Move Faster on Sea Level Rise, Legislative Study Finds
A Wet Year Causes Farm Woes Far Beyond the Floodplains
The damage from the destructive spring flooding in the Midwest has been followed in parts of the country by a miserable autumn that is making a bad farming year worse, with effects that could be felt into next spring. Even the widespread flooding in the spring was worse for many farmers than the images of… Continue reading A Wet Year Causes Farm Woes Far Beyond the Floodplains
Homes Are Being Built the Fastest in Many Flood-Prone Areas, Study Finds
In many coastal states, flood-prone areas have seen the highest rates of home construction since 2010, a study found, suggesting that the risks of climate change have yet to fundamentally change people’s behavior. The study, by Climate Central, a New Jersey research group, looked at the 10-year flood risk zone — the area with a… Continue reading Homes Are Being Built the Fastest in Many Flood-Prone Areas, Study Finds
U.S. Ties Record for Number of High Tide Flooding Days in 2018
Coastal communities across the U.S. continued to see increased high tide flooding last year, forcing their residents and visitors to deal with flooded shorelines, streets and basements — a trend that is expected to continue this year. The elevated water levels affected coastal economies, tourism and crucial infrastructure like septic systems and stormwater systems, according… Continue reading U.S. Ties Record for Number of High Tide Flooding Days in 2018