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Major insurer explores risks using insurance to reduce climate shocks global food supplies

2015-06-23 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

ClimateWire: A stress test prepared by Lloyd's of London concluded that a chain reaction of floods, drought and related diseases could cripple the world's food supply, leading to a crisis that could spark further unrest, including the possibility of rioting in major cities, a terrorist attack in the United States and even a Russian invasion. Lloyd's, a major global insurer, outlined the scenario in a report last week. It is seen as an unlikely but possible scenario that could cut across the insurance industry's...

Tags: major food global supplies

 

Science Panel Tries to Reinject Reality into Flood Insurance Pricing

2015-06-19 17:51:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: Federal flood insurance in the United States is a mess, with politics continuing to trump data, and taxpayers paying the price. Just track the heroic passage of the Bigger-Waters Flood Insurance Reform Act in 2012 and its subsequent gutting as property owners howled. The followup bill in 2014 had a name that perfectly reflects the irrational nature of what transpired: Homeowner Flood Insurance Affordability Act. Will we ever have a Homeowner Taking Responsibility for Building in Flood Zones Act?...

Tags: science insurance panel reality

 
 

Ex-NetJets CEO lands at Columbus insurance startup

2015-06-15 20:34:17| Airlines - Topix.net

Jordan Hansell , who abruptly resigned as CEO of the private jet company NetJets Inc., has landed at a Columbus-based insurance startup. The direct-to-consumer insurance marketing company QuickInsured LLC said Hansell was hired as executive chairman on June 1, the same day Columbus-based NetJets announced its management shake-up .

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Rich nations study details massive insurance program ease 3rd World climate change damages

2015-06-10 12:00:00| Climate Ark Climate Change & Global Warming Newsfeed

ClimateWire: Countries already bearing the brunt of extreme weather events are cautiously optimistic about a new insurance scheme designed by the world's wealthiest nations to protect about 400 million people in the world's most vulnerable communities. Official details about the disaster-risk reduction program, announced as part of the Group of Seven (G-7) decisions this week, remain sparse. But a top Munich Re official involved with the plan told ClimateWire that Germany has kicked in with an initial 150 million...

Tags: world details change program

 

Insurance losses reach A$1.55bn

2015-06-02 06:46:04| BBC News | Business | UK Edition

Severe storms that hit Australian states during April and May have so far resulted in more than $1.55bn in insurance losses.

Tags: insurance reach losses losses reach

 

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