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Insurers’ climate losses almost match premiums from fossil fuels

by AIP Online Bureau | Dec 11, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy, Risk Management

On average, fossil-fuel premiums account for less than 2% of total premiums, raising questions about why insurers aren’t using their immense influence to protect the other 98% of their business from spiraling climate risks Top insurance companies suffered $10.6...

BIS sees climate losses hitting governments as insurers exit

by AIP Online Bureau | Nov 22, 2023 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

Financial watchdogs are stepping up scrutiny of insurers to monitor the developing risks as the industry retreats from markets deemed too risky to cover. BIS researchers are urging the industry, governments and regulators to work together to ensure there’s adequate...

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