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Finance Continues to Lag in Climate Modeling

Finance Continues to Lag in Climate Modeling

A call for Wall Street to incorporate third-party catastrophe models

Sep 27, 2020
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Risk Market News
Risk Market News
Finance Continues to Lag in Climate Modeling
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Financial institutions — including banks, insurers and securities firms — have an incomplete understanding the risk of climate change along with the increased frequency of natural disasters and need to develop or robust modeling methodologies, according to new report by the Network for Greening the Financial System (NGFS).

The NGFS, which includes repres…

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