Claims

Recent carbon pollution pledges aren’t enough to avoid dangerous warming, new UN report says

WASHINGTON – The world still isn’t close to preventing what leaders call a dangerous level of man-made warming, a new United Nations report says. That’s despite some nations’ recent pledges to cut back on carbon dioxide emissions. The report looks at the gap between what countries promise to do about carbon pollution and what scientists […]

By Canadian Underwriter | November 19, 2014

3 min read

Outgoing U.S. nuclear regulator: More work needed to implement lessons from Fukushima crisis

ATLANTA – The outgoing chair of the U.S. Nuclear Regulatory Commission said Tuesday the industry must finish making the safety changes required after a nuclear disaster in Japan, and it faces unresolved questions over how to store nuclear waste as existing plants close. Allison Macfarlane became the agency’s leader in July 2012 after the stormy […]

By Canadian Underwriter | November 19, 2014

3 min read

Supply chain losses from 2011 disasters ‘very unclear’: Aon Benfield exec

Calculating contingent business interruption losses from catastrophes can be difficult, and in order to do this, commercial policyholders need to know where their suppliers and customers are located and what risks they face in those locations, an official with Aon Benfield suggested Tuesday. Over the last 20 years, there has been an “exponential increase” in […]

By Canadian Underwriter | November 18, 2014

3 min read

Insurance industry must tackle global underinsurance problem, Geneva Association says

Underinsurance, both in developing countries and industrialized nations, is presenting a threat to economic development and overall societal well being, a new report from the Geneva Association suggests. Last year, total insurance premiums totaled roughly US$4.65 trillion, or 6.3% of global GDP, the insurance think tank says in its report. Industrialized countries account for roughly […]

By Canadian Underwriter | November 18, 2014

2 min read