A recent report from UBS Group’s global wealth management arm has highlighted catastrophe bonds as a growing sustainable investment opportunity, emphasising their role in climate adaptation and financial protection against extreme weather events.While they do not directly prevent disasters, UBS sees them as a crucial tool for helping insurers manage climate risks and for providing … Read more
In February 2025, the South Korean government promised a long-term plan to achieve carbon neutrality by 2050, whereas previous plans were limited to 2030. In this post, I examine how a court case considering the United Nations (UN) Framework Convention on Climate Change influenced this shift. The Constitutional Court’s ruling in D.H. Kim et al … Read more
The Institutes’ Pete Miller and Francis Bouchard of Marsh McLennan discuss how AI is transforming property/casualty insurance as the industry attacks the climate crisis. “Climate” is not a popular word in Washington, D.C., today, so it would take a certain audacity to hold an event whose title prominently includes it in the heart of the … Read more
The Trump Administration’s unwinding of the Building Resilient Infrastructure and Communities (BRIC) program and cancellation of all BRIC applications from fiscal years 2020-2023 reinforce the need for collaboration among state and local government and private-sector stakeholders in climate resilience investment. Congress established BRIC through the Disaster Recovery Reform Act of 2018 to ensure a stable … Read more
By Lewis Nibbelin, Contributing Writer, Triple-I U.S. property claims volume rose 36 percent in 2024, propelled by a 113 percent increase in catastrophe claims, according to a recent Verisk Analytics report. While evolving climate risks fueled claim frequency, uncertain inflation trends and unchecked legal system abuse will likely further strain insurer costs and time to … Read more