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Sustainability

 

 

Atlantic hurricane season forecast to exceed average: TSR

Warmer sea temperatures and cold-neutral ENSO conditions are expected to moderately boost hurricane activity above the long-term average, according to TSR

North America Hurricane Season

How insurers can deal with orphaned wells

Mosaic has developed an enhanced contractor’s pollution legal liability insurance product to help cap inactive and abandoned oil and gas wells

North America Specialty

California regulators approve Moody’s wildfire model

State began allowing conditional use of modelling last December

United States Climate change

UN office publishes paper proposing cat bond facility

Failing to complete infrastructure on time would bring insurance penalty 

International Climate change

California approves Karen Clark wildfire model

California expanded use of catastrophe models in December 2024 reform

United States Climate change

Natural catastrophe losses set to top $100bn again in 2025, WTW warns

Extreme weather events earlier this year have pushed global insured losses past critical thresholds, with more expected

International Losses

Mercury files California rate application using Verisk model

State of California approved Verisk model last week as part of property market reforms

United States Property

Eiopa finds progress on climate risk analysis

Insurers still producing uneven outcomes, and struggle with setting time horizons and missing data

Europe EEA

PRA climate proposals step up focus on global warming risk – but are not a sea-change

Prudential regulator expects better modelling and planning, but is still more lenient than its European counterpart

United Kingdom Climate change

IDF delivers parametric flood insurance solution for Lagos

Parametric insurance product is projected to protect up to four million people in Lagos State

Nigeria Climate change

Aon and Gallagher differ over US convective storm losses in H1 estimates

US wildfires and severe convective storms drive near-record global insured losses in the first half of 2025

United States International

Global insured losses hit $84bn in first half: Gallagher Re

Californian wildfires and severe convective storms dominate first-half tally

International North America
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