The Earthquake Commission (EQC) yesterday became the Natural Hazards Commission (NHC), reflecting its role in supporting New Zealanders to prepare for and recover from a range of natural hazards, not just earthquakes.
Howden, a global insurance intermediary group, has announced the placement of the first Carbon Credits Warranty and Indemnity (W&I) insurance policy.
Australian Reinsurance Pool Corporation (ARPC) is in the process of reviewing the current Cyclone Reinsurance Pool premium rates and is considering minor changes that would be applicable from 1 April 2025.
Insurance companies in China had received 18,400 claims related to rain-caused damages as of 12pm on 23 June.
The Commonwealth, state and territory building ministers have decided to include climate resilience as a specific objective of the Australian Building Codes Board (ABCB) from 2025.
New NRMA Insurance research has highlighted the mental health impacts of Australia's changing climate, with 80% of Australians surveyed stating they feel anxious about the impact of extreme weather.
Marsh, the world's leading insurance broker and risk advisor and a business of Marsh McLennan, yesterday announced the launch of the Centre for Climate Adaptation and Resilience Excellence (CCARE).
General insurers in Japan have paid out a cumulative JPY90.97bn ($579m) in claims as of 31 May 2024 for the 1 January Noto Peninsula Earthquake, announced the General Insurance Association of Japan (GIAJ).
The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for a platform that integrates regulatory and climate data to help financial authorities identify, monitor and manage climate risks in the financial system.
Secondary perils can no longer be regarded as secondary concerns as they are becoming pivotal factors to consider in the global risk landscape, says a blog posted on the website of the global law firm, Norton Rose Fulbright.