Mid-America Catastrophe Services

Managing Climate Change Risk With Modeling

 Friday, March 10, 2023

 Risk Management Magazine

Climate change and its long-term implications have a serious and tangible impact on companies. According to NOAA’s National Centers for Environmental Information, the United States alone has sustained 341 weather and climate disasters since 1980 in which total damages reached at least $1 billion. The total cost of these disasters was $2.475 trillion.

As the severity of the climate crisis intensifies, companies are becoming more susceptible to vulnerabilities including physical risks arising from extreme weather events, technology threats, global market and economic uncertainty, and brand/reputational risks.

These issues are of significant concern for the insurance industry, whose purpose is centered around pooling and managing risks.

The industry is facing an immense amount of pressure across stakeholders, from employees and customers to regulators and investors, to take proactive steps to mitigate and help the world adapt to the impacts of climate change.

This is a major challenge for insurers -- according to a PwC study, 85% of global insurers believe environmental, social and governance (ESG) will impact all functions of their business.
Insurance Industry

Navigating Climate Risks And Opportunities

 Tuesday, February 8, 2022

 Insurance Thought Leadership

Climate Change And Product Liability

 Thursday, September 9, 2021

 Insurance Thought Leadership

How Insurers Can Step Up On Climate Change

 Thursday, April 29, 2021

 Insurance Thought Leadership

Time To Move Climate Risk Center-Stage

 Tuesday, December 8, 2020

 Insurance Thought Leadership

Taking Action On Climate Change

 Friday, March 8, 2019

 Risk Management

A Rising Tide In Climate Change Litigation

 Friday, March 1, 2019

 CLM Magazine

Farmers Withdraws Climate Change Suit Against Municipalities

 Wednesday, June 4, 2014

 Insurance Journal