Few Banks Carry the Majority of Europe’s Increasing Climate Risk: ECB
For banks and insurers, the ECB argues that better loss and climate modeling is needed to prepare for the crisis.
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Xcel Defends Wildfire Plans as Policymakers Push Back
After settling a $650 million claim tied to the Marshall Fire, the utility says that its power shutoff strategy is painful but necessary.
Lawmakers Demand FEMA Release Flood Risk Models Data
Senate Republicans are demanding that the Federal Emergency Management Agency disclose the data and assumptions behind its Risk Rating 2.0, arguing the opaque methodology is driving premium spikes.
