A.M. Best, the historical voice of insurance, began a series in the August edition of Best’s Review on the risks, regulatory issues and economic impact of climate change.
Nervous investors have begun asking insurers to disclose their strategies for dealing with global warming.
Insurance companies are reacting. Some have simply abandoned catastrophe-prone markets or are jacking up rates. Other insurers have taken steps in the battle against climate change by offering premium incentives for “green” construction and hybrid cars and investing in companies that cut carbon emissions.
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