Analysis – Page 10
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Analysis
FERMA: Floods are a “wake-up call” ahead of COP26
Insured losses of €4 billion to €5 billion are expected for North Rhine-Westphalia and Rhineland-Palatinate
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German floods to see sizable protection gap
There are renewed calls for a state-backed natural catastrophe scheme or introduction of compulsory flood cover
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Aon: Nat cat losses reach $93 billion in 1H
Fatalities due to temperature extremes were the deadliest type of disaster during the first six months of 2021
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European floods hit over 70,000 properties
Total insured losses could reach €5 billion as Airmic CEO Graham says even climate scientists “were shocked”
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Wildfire costs grow for solar sector
Wildfires have cost solar owners tens of millions of dollars in losses over the last decade - GCube
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Terrorism: Retail and hospitality at risk as lockdown lifts
Pool Re warns of potential threat to retail and hospitality sectors which represent attractive targets to terrorists
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Lack of clarity over wind turbine fires
While wind turbine fires are relatively rare, when one does occur, it often results in the total destruction of the asset
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Catastrophic floods strike Central Europe
Several dams burst across Germany after extreme flooding, leaving at least 180 dead and hundreds more missing
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Europe counts cost of severe weather
Insurers face up to $4.5 billion in claims after the costliest severe storm period on record in Europe - Aon
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Prince Charles and global insurers join forces on climate change
Lloyd’s chairman says that ’partnership and accelerated action’ can help address ‘unprecedented’ climate change risk
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Climate warning for cotton/apparel industry
One third of India’s cotton growing regions face severe climate risks by 2040 if carbon emissions continue to soar
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AIR updates US terrorism model
New version more comprehensively models the extent of damage from conventional bomb blast attacks
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Rome to feel as hot as Agadir, Morocco, by 2050
European cities will increasingly experience pressure on power and water supplies due to regular heatwaves, warns Verisk Maplecroft
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UK ill-prepared for climate change - CCC
Report emphasises need for risk mitigation as nearly 60% of risks and opportunities are given the highest urgency score
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COVID erodes macroeconomic resilience - Swiss Re
Insurance resilience is lowest for natural catastrophes, with the protection gap growing to a record $1.4 trillion
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Lessons in risk from the Suez crisis
Suez, COVID and Brexit have challenged assumptions about the complex supply chain risks modern corporates must contend with
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Denmark, Norway most resilient nations - FM Global
Climate risk is an increasingly important factor for companies and leaders making strategic decisions
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Russell releases port disruption scenarios
Around $7.5 trillion of trade is concentrated in 50 major ports, with potential for major supply chain disruption
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Environmental risks, climate change threatens megacities
Firms must align climate risk assessments with the recommendations of the TCFD to build greater resilience - Verisk Maplecroft
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Hail drives US cat losses in April
Western and central regions of Europe experienced a significant cold spell within the first week of April, with temperatures well below freezing