Source: Columbia Law School

Articles from this source (1)

Modelling Climate Litigation Risk for (Re)Insurers

  2023-08-30 (or before) by in Columbia Law School

In response to the growing threat of climate change, the insurance industry has made significant investments in modelling and quantifying physical climate risks. However, the emerging risk of climate litigation has proven particularly difficult to model. In 2015 Mark Carney, then-Governor of the Bank of England and Chairman of the Financial Stability Board, warned that climate litigation poses “long-tail risks” for insurers that may be “significant, uncertain and non-linear.” Since that warning, the number of climate-related cases has more than doubled, and the scope and financial significance of climate ...

  Tagged under: Climate Change | Insurance | Litigation | Finance

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