Jersey City Accord: S&P Global and Verisk create auditable climate‑loss benchmark

Jersey City Accord sets new standard for climate loss measurement

S&P Global and Verisk link datasets to create auditable climate-loss benchmark

S&P Global Energy’s Sustainable1 unit and Verisk unveil a data-sharing collaboration that is creating a new industry benchmark for physical climate risk intelligence. The agreement integrates Verisk’s physically based near‑present catastrophe risk data into S&P Global Sustainable1’s Climanomics platform to quantify insured and uninsured financial impacts of future climate and near‑term natural‑catastrophe events. The partners say the fusion of catastrophe modeling, insurer claims and climate‑adjusted geospatial flood layers produces auditable, forward‑looking exposure metrics through 2050.

The combined suite routes S&P Global’s climate‑adjusted inland flood layers into Verisk’s Touchstone catastrophe model and brings Verisk event simulations into Climanomics, delivering a shared analytical foundation for insurers, banks, asset managers and real‑estate investors. The collaboration emphasises replicable methodology to support regulatory scenario analysis and central bank stress tests, addressing noted gaps in current supervisory reviews. By producing auditable forward projections, the project aims to improve reserve planning, risk‑adjusted pricing and portfolio stress testing across finance and insurance sectors.

Technically, the effort joins remote sensing, hydrological modelling and insurer claims datasets to boost granularity and confidence in projected loss estimates. S&P Global and Verisk position the partnership as iterative: models and data inputs are scheduled for regular updates as climate science and observational records advance. Industry participants expect the integrated outputs to help allocate capital and insurance capacity more efficiently and to create a common reference point for assessing the economic shocks that stronger and more frequent natural hazards are inflicting on insured and uninsured assets.

S&P Global Ratings flags private credit and tech issuance

Separately, S&P Global Ratings issues a “Liquidity Outlook 2026” that highlights private credit’s growth as a vital funding source for lower‑rated borrowers facing heavy refinancing needs through 2028. The report identifies six themes — including the AI‑driven surge in tech sector issuance, rising nonbank leverage, and evolving U.S. Fed policy — and warns limited transparency in some nonbank financial institutions could heighten liquidity fragility.

Short interest in S&P Global eases

Exchange data show short interest in S&P Global Inc declines about 24.8% from the previous reporting period, leaving roughly 3.12 million shares sold short, or about 1.03% of the float, with a days‑to‑cover metric near 1.93. The reduction signals diminished bearish positioning in the company’s shares in the latest filings.