News & Analysis as of

Climate Change Natural Disasters

Hogan Lovells

The natural catastrophe insurance gap: is a centralised European backstop the solution?

Hogan Lovells on

As climate change intensifies the frequency and severity of natural disasters across Europe, the gap between insured and total economic losses—known as the natural catastrophe insurance protection gap—has become a growing...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Driving Loss Reduction Through State-Created Residual Insurance Markets: Environmental Defense Fund/Cornell University Report

The Environmental Defense Fund (“EDF”) and Cornell University issued a report titled: Driving Loss Reduction Through State-Created Residual Insurance Markets (“Report”)....more

WaterStreet Company

2025 Hurricane Season for Insurance

WaterStreet Company on

As the 2025 hurricane season unfolds, insurance companies prepare. Early summer is time to closely monitor hurricane forecasts, assess risks, and account for financial implications that could arise due to increased property...more

Pillsbury - Policyholder Pulse blog

Parametric Insurance: The Future-Proof Solution for Enterprise Risk

In today’s fast-paced and increasingly unpredictable global environment, large enterprises face mounting risks—natural catastrophes, climate-related disruptions, supply chain breakdowns and emerging digital threats....more

Pullman & Comley, LLC

The Impact of Natural Disasters on Municipal Financing and Disclosure

Pullman & Comley, LLC on

The wildfires in Southern California earlier this year were another sobering reminder of the devastating impact of natural disasters on local communities, and Connecticut is certainly not immune....more

Hogan Lovells

The changing climate of parametric insurance

Hogan Lovells on

Parametric insurance products can help to address the increasing protection gap arising in respect of climate-related physical risk. As AI and data-collecting technology develops, more business areas may stand to benefit from...more

Stoel Rives -  Ahead of Schedule

Wildfires and Property Insurance: Navigating a Shifting Landscape

As wildfires grow more frequent and severe across California, Oregon, and Washington, homeowners and businesses face mounting challenges in securing and maintaining property insurance. The Los Angeles wildfires alone have...more

Stoel Rives LLP

Wildfires, Property Insurance, and the Cost of Rebuilding Lives: Navigating the Legal Landscape

Stoel Rives LLP on

In recent years, wildfires have become an increasingly devastating force, scorching landscapes and upending lives across California, Oregon, and Washington. The Los Angeles wildfires, in particular, have left a haunting...more

Woodruff Sawyer

Managing the Risk of Floods (Updated)

Woodruff Sawyer on

In a rainy season, it's important to understand your flood risk. For insurance purposes, what is a flood? What proactive steps can be taken before a flood? How can you obtain the right insurance coverage?...more

Gould + Ratner LLP

Climate Change and Construction: Top Five Considerations for Owners Before Building

Gould + Ratner LLP on

As the start of 2025 has already shown with the destructive Los Angeles wildfires, the impact of climate change on businesses and homes can be devastating. Many owners and construction contractors were already grappling with...more

Littler

A Littler Report: Operating Through Emergencies & Natural Disasters

Littler on

No matter how much advance warning is provided or experience garnered, employers and employees are often caught off guard by the devastation and uncertainty natural disasters create. Whether wildfires, hurricanes, tornadoes,...more

Zelle  LLP

Texas Department of Insurance Approves ZestyAI’s Severe Convective Storm Models

Zelle LLP on

Severe Convective Storms (“SCS”) are one of the most common and most damaging natural catastrophes in the United States. SCSs are intense atmospheric disturbances that can cause powerful winds, large hail, heavy rainfall, and...more

Ankura

7 Strategies to Overcome Supply Chain Disruptions: Mitigate Risk While Enhancing Resilience and Adaptability

Ankura on

Supply chain disruption and persistent inflation remain critical issues in the global economy, with ongoing geopolitical tensions, the evolution of digital threats, and increasing emphasis on sustainability reshaping the...more

Greenberg Glusker LLP

Stronger Building Standards and Impacts on Property Insurance, Development Financing, and Affordability:

Greenberg Glusker LLP on

As climate change continues to shape the real estate landscape, developers and insurers alike are feeling the impact. Stronger building standards, aimed at mitigating risks from wildfires, floods, and sea level rise, may...more

K&L Gates LLP

Litigation Minute: Extreme Weather and Natural Disasters: Insurance Tips for Commercial Policyholders (ESG Litigation Series: Part...

K&L Gates LLP on

What You Need To Know In A Minute Or Less - Storms and hurricanes, isolated but powerful tornados, earthquakes, fires, and floods—the question is not whether, but where and when policyholders will confront the next natural...more

Robins Kaplan LLP

California's Sustainable Insurance Strategy: Balancing Innovation with Industry Challenges

Robins Kaplan LLP on

In the fall of 2023, California's Department of Insurance unveiled the Sustainable Insurance Strategy, a comprehensive initiative aimed at reforming the state’s insurance market. The impetus for this strategy was driven by a...more

Jones Day

What About Your Suppliers? Insuring Against Climate Risks to Your Supply Chain

Jones Day on

More than 20 storms—11 of which will become hurricanes, and 5 of which will become Category 3 or greater hurricanes. That's one prediction for the Atlantic hurricane season. Not to worry, you say. Your operations are located...more

ArentFox Schiff

Mega-Trends Impacting Municipal Market

ArentFox Schiff on

We are at the initial stages of a major paradigm shift that has significant implications for the municipal market over the next five to 10 years. A number of societal mega-trends will present material challenges for the...more

ASKramer Law

Weather & Climate Risk Management Part II: Weather Risk Management Products

ASKramer Law on

In Part I of this series on weather and climate risk management, I reviewed the context within which organizations seek to manage climate and weather-related risks. With extreme weather events becoming more common, there are...more

J.S. Held

2024 J.S. Held Global Risk Report: Weather and Natural Disasters

J.S. Held on

The growing frequency and ferocity of major weather events and natural disasters have pushed the climate change discussion to the forefront of governments and businesses. Droughts, floods, wildfires, earthquakes, and volcanic...more

Mintz

Yes, Governor Healey, let's future-proof our communities, not abandon them. Let's start by making it easier to implement...

Mintz on

There was a lot to like about what Governor Healey had to say about our rapidly changing climate in her State of the Commonwealth speech Tuesday evening, especially about her expectation that Massachusetts will be the leader...more

(ACOEL) | American College of Environmental...

Disasters and Environmental Laws - Have We Learned Our Lesson?

I recently had the opportunity to speak at a State University of New York (SUNY) conference for a group of exceptional primary and high school Science, Technology, Engineering and Math (STEM) teachers. These teachers are part...more

Cadwalader, Wickersham & Taft LLP

Association Of British Insurers Releases Guidance for Members on Taking Action Against Nature and Biodiversity Loss

The Association of British Insurers published guidance (the Action on Nature Guide) setting out what insurers and long-term savings providers can do to help prevent biodiversity loss in the UK and become more “nature...more

Cadwalader, Wickersham & Taft LLP

White House Report Calls For Reevaluation of Federal Government’s Climate-Related Spending Priorities

On March 20, 2023, the White House Council of Economic Advisers released the Economic Report of the President (“Report”). Chapter 9 of the Report, entitled “Opportunities for Better Managing Weather Risk in the Changing...more

(ACOEL) | American College of Environmental...

The Conundrum of Managed Retreat

In the climate change resilience space, there is much talk of Managed Retreat – the concept that some areas will be so inundated with recurrent flooding from sea level rise, increasingly severe storm events, and outdated...more

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