AXA to axe coal across EU and OECD countries by 2030

It notes the policy will exclude around 400 businesses with plans to expand coal plants and mines

Aviva launches specialised renewable energy insurance

It covers the insurance needs of companies that have operations in their home and overseas markets that include technologies such as onshore wind farms, solar power and battery storage

Beer, tea and mental health – they’re all affected by climate change!

This year’s Green GB Week – designed to raise understanding of how businesses and the public can contribute to tackling climate change – is running from 4th to 8th November

Climate risk stress test for UK insurance sector

It is the first time the bi-annual tests have been extended to explore climate change and applies to the largest life and general insurers

US insurers ‘betraying public’ with continued coal investment

None of the nation’s nine leading insurers assessed in a new report have taken significant action

Green light for Electric Vehicles Bill in Parliament

Government will be granted new powers to kick-start the rollout of EV chargers across the UK

Zurich longevity swap to cover £2bn National Grid pension liabilities

It will protect the grid operator against the risk of rising costs as a result of 6,000 pensioners and future dependent members living longer than expected

Allianz pledges to cut back on insuring coal companies

It plans to phase out both its proprietary investments in coal-based business and its insurance coverage of such risks by 2040

Insurance scheme to protect poor from climate risks

A new insurance scheme to help poor people in Asia and Africa deal with the challenges arising from climate disasters has been launched. It is expected to meet nearly 1% of the ambitious goal of the G7 countries to increase access for around 400 million uninsured people in developing nations to insurance products. The African […]

Extreme weather ‘has caused $1.7tn climate risk gap’

Natural disasters and extreme weather have created a global climate risk protection gap of $1.7 trillion (£1.3tn) over the last decade. That’s according to insurance industry network ClimateWise, which suggests this figure arises from just 30% of catastrophic losses having been insured. The group suggests 2017 is on track to become one of the most […]