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Are the global financial markets ready to embrace Mark Carney and his Private Finance Agenda for COP26?
In January, Boris Johnson appointed Mark Carney as his Finance Adviser for the purposes of COP26 to “help build a sustainable financial system to support the transition to a net zero economy”.
Environmental Impairment Liability: is the London Market prepared for climate change related claims?
Environmental Impairment Liability (EIL) policies have become a well-established, if somewhat misunderstood, product in the London Market. In this article, we consider whether EIL policies are capable of responding to climate change related risks.
Boris Johnson’s “oven ready” deal to begin withdrawing the United Kingdom (UK) from the European Union (EU) received royal accent on 23 January 2020, following his success in the December 2019 General Election.
The Court of Appeal (CoA) has very recently handed down its decision in R (Friends of the Earth) v Secretary of State for Transport and others [27.02.20] halting plans for a third runway at Heathrow Airport.
In December 2018 we wrote about the impact of the Californian wildfires on the global insurance market. In December 2019, Australia witnessed the worst bushfire season the country has ever seen which, like California, has implications for insurers involved in the wine industry.
Kennedys backs combination of criminal and regulatory regimes to help build confidence in driverless public transport
We have recommended that new criminal offences dealing with cyber-attacks on buses, taxis and other forms of public transport will be needed as the technology emerges, in our response to a Law Commission consultation. We have also said operators of driverless public transport should take personal responsibility for their safety as part of the protections needed to build consumer confidence in the concept.
The pace of change in the global insurance market has not slowed down in the last 12 months, nor are there any indications of it doing so over the course of the coming year.
This year’s annual UN climate change conference attended by 197 countries and nearly 27,000 delegates was the longest on record and ended on Sunday 15 December amid frustration and disappointment at what little progress was achieved.
Lab-grown meat is not just the latest product for environmentally conscious consumers, it also heralds a new type of agriculture and food product design, which could offer attractive risk profiles for insurers that get to know the science.
Climate change was once considered an emerging risk, and as such it was discussed in a general way. But it is evident that this is changing and the consequences of not taking climate change seriously could be dramatic, not just for the planet but also for unprepared organisations and those that helm them.