Three experts from varying parts of the climate change universe weigh in on what insurers are doing to address climate change, including climate risk disclosures, underwriting and investing. The nation’s longest serving insurance regulator, head of sustainability underwriting for reinsurance giant Swiss Re and managing director of a climate leadership group will cover recent developments and look to the future of climate change and the insurance industry.

Here’s what we’ll cover:

1. What insurers are doing to mitigate climate change
2. Regulator perspective on insurers and climate change
3. Underwriting and fossil fuels
4. Sustainable investing
5. TCFD disclosure reports

Meet the Expert Panel:

Host: Don Jergler West Coast Editor at ¾ÅÉ«		Samantha Dunn Head Sustainability Underwriting, VP Sustainability, Swiss Re America Holding Corporations
Mike Kreidler Washington Insurance Commissioner		Steven Rothstein Managing Director Ceres Accelerator for Capital Markets

The post Sustaining Sustainability: How the Insurance Universe Deals with Evolving Risks and Dispositions appeared first on ¾ÅÉ« Research.

Watch now on-demand to learn about:

1. Task Force on Financial Disclosures (TCFD)
   and what it means for you
2. The NAIC and climate
3. Investor groups and fossil fuels
4. Catastrophe and risk modeling
5. State regulators and emerging regulations
6. Insurers and reinsurers and what they are doing

–	–
Don Jergler West Editor at ¾ÅÉ«	Tom Larsen Principal at CoreLogic
–	–
Jay Bruns Sr Climate Policy Advisor to Washington Insurance Commissioner Mike Kreidler	Mark Way Head of Sustainability Underwriting at Zurich North America

Panelist Bios:

Tom Larsen is a principal at CoreLogic, who is responsible for subject matter expertise and thought leadership focused around insurance, hazard risk, climate change and catastrophe risk modeling. He has experience in natural catastrophe modeling for insurance, reinsurance and the government, dating back to 1989. He’s written articles for numerous publications, participated in various industry panels and has undertaken speaking engagements regarding the financial impacts of natural catastrophes. Larsen earned his bachelor’s degree in civil engineering from Stanford University and his master’s degree in structural mechanics from the University of California, Berkeley.

Jay Bruns is senior climate policy advisor to Washington Insurance Commissioner Mike Kreidler. Bruns was previously a senior advisor for private sector engagement at the United Nations Environment Program. Before that, he was vice president at The Hartford, where he led the company’s environmental stewardship efforts. Earlier, he was a career American diplomat, rising to the Senior Foreign Service. He represented the US in Norway, Germany, Japan, Trinidad and Tobago and Canada, and held positions in the State Department, Office of U.S. Trade Representative and the National Security Council at the White House.

Mark Way is Zurich North America’s head of sustainability underwriting, who leads Zurich’s newly formed Office of Sustainability Underwriting. Way has 20 years of insurance industry experience and a distinct focus on sustainability for the past 15 years. His most recent position was with The Nature Conservancy in Virginia, where he served as both acting global climate adaptation director and global climate risk & resilience director. Prior to that, he was with Swiss Re.

The post Around the World: Insurance, Climate Change, Disclosures, and Risk appeared first on ¾ÅÉ« Research.

This exercise in assessing the financial risks of climate change was conducted by ACPR to provide a first measurement of risks and vulnerabilities to which French financial institutions are exposed.

The study reports on:

• Transition risk: a rather moderate impact by 2050
• Physical risks: significant increase in claims by 2050
• Methodological lessons from an exercise with unprecedented characteristics

The post A First Assessment of Financial Risks Stemming from Climate Change appeared first on ¾ÅÉ« Research.

We thank Allianz Risk Consulting for sharing this with our audience.

The post Windstorm Checklist appeared first on ¾ÅÉ« Research.

We thank Allianz Risk Consulting for sharing this checklist with our audience.

The post Flood Checklist appeared first on ¾ÅÉ« Research.

We thank the NOAA for sharing this data rich report with our audience.

The post 2019 State of U.S. High Tide Flooding with a 2020 Outlook appeared first on ¾ÅÉ« Research.

It has been a tumultuous year for the Florida insurance market. From the threat of insurer ratings downgrades to carrier consolidation to mounting losses thanks to lawsuit abuse – and now a global pandemic. As hurricane season approaches, agents, carriers and their insureds face challenges unlike any before.

Join to learn:

• How the pandemic is affecting the state’s commercial & personal lines insurance markets.
• How the economic downturn is affecting insurance agents and their insureds in hard hit industries.
• How agents, carriers and insureds have adapted to the pandemic and been changed by it.
• The biggest worries heading into hurricane season and how the industry is preparing.
• What steps agents can take to protect their customers during this time of uncertainty.

Moderated by:

Amy O’Connor, ¾ÅÉ« Southeast Editor

Panelists:

Barry Gilway, president, CEO and executive director of Citizens Property Insurance

Jeff Grady, president, Florida Association of Insurance Agents

The post Florida’s Insurance Market Faces COVID, Hurricane Season and More appeared first on ¾ÅÉ« Research.

Download this report for a compelling look at development in the 100-year floodplains, failures to map flood risk and strategies to ‘manage’ retreat.

We thank R Street for sharing this report with our audience.

The post Do No Harm: Managing Retreat By Ending New Subsidies appeared first on ¾ÅÉ« Research.

The future looking whitepaper taps into the impact of data, trust, ethics, climate change, diversity, talent, technology and new operating models with focus on areas including:

• Risk and Climate Change
• Cyber Risks Present a $100B Opportunity & $1T Threat
• Auto Insurance Dramatically Decreases Due to Driverless Vehicles & Ride Sharing

We thank Ernst & Young LLP for sharing this report with our audience.

The post NextWave Insurance: Personal Lines and Small Commercial appeared first on ¾ÅÉ« Research.

For 2019, NOAA predicts a likely range of 9 to 15 named storms (winds of 39 mph or higher), of which 4 to 8 could become hurricanes (winds of 74 mph or higher), including 2 to 4 major hurricanes (category 3, 4 or 5; with winds of 111 mph or higher). NOAA provides these ranges with a 70% confidence. An average hurricane season produces 12 named storms, of which 6 become hurricanes, including 3 major hurricanes.

Listen here for the full forecast.

The post Atlantic Hurricane Outlook 2019 appeared first on ¾ÅÉ« Research.

Co-authored by Traub Lieberman Straus & Shrewsberry LLP and Aspen Re, the paper takes a comprehensive look at the issues surrounding climate change, including the science, data, litigation, cost and examples of international and national action and insurance implications.

We thank Aspen Re for sharing this report with our audience.

The post Climate Change and the (Re) Insurance Implications appeared first on ¾ÅÉ« Research.

“We find empirical support for significant and negative impacts, in property value appreciation due to the increasing risks of tidal flooding. This is likely to be linked to both observable increases in flooding events for locales within the Miami-Dade region as well as the documented increases in media coverage of these events.” – Authors Steven A. McAlpine & Jeremy R. Porter 

Read the findings of this research, shared with our audience by First Street Foundation.  This research is utilized as a foundation for the property valuation analysis conducted by First Street Foundation.

The post The Impact of Sea Levels Rising appeared first on ¾ÅÉ« Research.

In the survey’s 10-year outlook, cyber risks sustained the jump in prominence they registered in 2018, but environmental risks continue to dominate respondents’ concerns beyond the short term. All five of the environmental risks the report tracks are again in the high-impact, high-likelihood category: biodiversity loss; extreme weather events; failure of climate-change mitigation and adaptation; man-made disasters; and natural disasters.

The Global Risks Report 2019 focuses explicitly on the human side of global risks, looking in particular at the role played by complex global transformations that are under way: societal, technological and work-related. A common theme is that psychological stress relates to a feeling of lack of control in the face of uncertainty.

We thank WEF and Zurich Insurance for sharing this report with our audience.

The post Global Risk Report 2019 appeared first on ¾ÅÉ« Research.

The 2017 hurricanes and wildfires highlighted some longstanding issues and revealed other emerging response and recovery challenges which are detailed in this report.

The post 2017 Hurricanes and Wildfires appeared first on ¾ÅÉ« Research.

We thank the California Natural Resources Agency for providing us with this report.

The post The Impact of Changing Wildfire Risk on California’s Residential Insurance Market appeared first on ¾ÅÉ« Research.