Industry

Climate crisis could make insurance unavailable, industry insiders warn

Growing risks from wildfires, floods and storms driven by climate change could leave more areas unable to secure insurance, according to a warning cited in a report by Inside Track, a group of senior UK and European insurance experts. The report says insurers are responding by sharply raising premiums, cutting coverage for high-risk perils and halting supply in certain regions or industries. It warns uninsured property could undermine real estate values and mortgage markets.

Industry

Climate cooling technology fuels new Cold War fears as U.S.-China clash sinks simulation talks

A simulated negotiation on international regulation of solar radiation modification (SRM) ended without agreement, as U.S. and Chinese participants rejected limits that could curb their own research or benefit the other side. Researchers from the University of Leeds and Queen Mary University of London ran three rounds of talks set in 2025, 2027 and 2028 involving 35 experts. Mistrust grew and scientific advice had little impact, leaving monitoring and verification unresolved.