Thursday, June 19, 2008

Insurers broaden coverage for climate change risks

From Reuters:
Insurers are developing new ways to help commercial customers adapt to emerging climate change risks, a panel of experts said on Wednesday.

Underwriters are busy coming up with new insurance policies, and fine-tuning already existing products, to provide broader coverage to companies grappling with a wide range of emerging climate-related risks.

These include regulations that are being crafted or implemented around the world requiring companies to provide greater disclosure of risks, and to reduce energy use in order to meet new carbon emission rules....MORE