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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Climate Models Must Evolve Beyond Academia to Become Essential Business Tools
Longer range data and integration into existing economic inputs are only the first steps, experts say.
Climate Risk Modeling Falling Short Measuring Macro Stability
Climate models used policymakers and banks to asses the risk to financial stability are “thin.”
Markets
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Hurricane Losses Will Be “Borne By Our Clients”: Marsh CEO
Hurricane Helene and Milton won't singnicantly impact reinsurers balance sheets.
