Kivalina and AEP Strike Again – Oakland and San Francisco Climate Change Suits Dismissed

By Order dated June 25, 2018, the United States District Court for the Northern District of California dismissed the lawsuits filed by the cities of San Francisco and Oakland seeking compensation from five of the world’s largest energy producers for the costs of adapting to climate change allegedly caused in part by these companies’ sale of fossil fuels. This dismissal brings to an end, at least temporarily, to two of the fourteen second-generation climate change lawsuits that have been filed
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How Will Businesses and the Insurance Industry Respond to the Growing Threat of Climate Change?

The ability of the global insurance industry to manage society’s risks likely will be significantly impacted by climate change in coming years. The ClimateWise report recently confirmed that since the 1950s the frequency of weather-related catastrophes has increased six-fold. As these risks occur more often, previously insurable assets are becoming uninsurable, and those already underinsured are further compromised. The overall consequences can be far reaching and as yet, we are not able to comprehend the vast nature of the risk.
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