Environment

The global insurance industry is failing to keep pace with pension funds in protecting its portfolios from climate risk, “leaving trillions of dollars exposed and threatening financial stability”, according to research.

The world’s largest companies are not reporting enough on sustainability policies, according to a new report released today.

By 2030, businesses could cut its greenhouse gas emissions globally by 3.7 billion of metric tones of carbon dioxide (CO2) per year, according to a report published today.

Production losses caused by climate change in one part of the world can be felt in another due to globalisation, a study has revealed.

AXA France had received an estimated 5,200 claims for damages caused by recent storms and heavy rains in France as of 5 June.

Recent thunderstorms and floods in Southern and Central Germany have revealed the average flood insurance take-up rate for residential buildings across the country is estimated at around 38%, according to AIR Worldwide.

The recent wildfire taking place in Canada could be “the costliest” natural disaster in the country’s history, according to AIR Worldwide.

Insured losses resulting from an earthquake that struck Ecuador on 16 April will be between $325m (£226m) and $850m (£590m), according to AIR Worldwide.

The Chartered Insurance Institute (CII) has outlined four recommendations for the safer use of drones after one collided with a British Airways plane on Sunday.

Insured losses caused by an earthquake that took place in Myanmar on Wednesday will be low, given the insurance market in the region is not mature.