ESG
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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.
Related
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FIT launches report on insurance-specific guidance for transition plans
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