BlackRock: Investors are underpricing the impact of climate-related risks

New Report Examines the Physical Risks Associated with Climate Change on Municipal Bonds, Commercial Real Estate and U.S. Utilities

Integrating Sustainability Factors into Investment Research Process is Critical to Risk Management

New York, April 4, 2019 – Investors are underpricing the impact of climate-related risks, including more frequent and intense extreme weather events, and need to rethink their assessment of asset vulnerabilities, according to a new report by the BlackRock Investment Institute. Continue reading “BlackRock: Investors are underpricing the impact of climate-related risks”

Jebi officially the largest Japan typhoon insured loss ever

by Artemis on November 22, 2018

Typhoon Jebi has now officially become the largest Japan typhoon related insurance and reinsurance market loss on record, as the amount of insured claims paid for the storm have now reached almost $5.2 billion.

Typhoon JebiThe latest data from the General Insurance Association of Japan (GIAJ) shows that typhoon Jebi has now resulted in a massive 825,091 accepted insurance claims, 108,928 from automobiles, 694,310 from property fire insurance policies and 21,853 from other miscellaneous lines of business. Continue reading “Jebi officially the largest Japan typhoon insured loss ever”

Damage to critical infrastructure is escalating the global cost of extreme weather, earthquakes and tsunamis

By Mami Mizutori *

Much of the success in reducing mortality from disasters across Asia and the Pacific, particularly in the case of storms and floods, is due to improvements in early warning systems, weather forecasts and timely evacuations. This is a significant achievement. Continue reading “Damage to critical infrastructure is escalating the global cost of extreme weather, earthquakes and tsunamis”