Thursday, March 07, 2013

Wait, what?: Fewer than half of insurance companies view climate change as a likely source of financial losses

Most Insurers Lack a Plan to Address Climate Change, Ceres Says - Bloomberg
Almost 90 percent of insurance companies lack a comprehensive plan to address climate change and fewer than half of them view it as a likely source of financial losses, according to a report released today.

Only 23 of 184 insurers surveyed demonstrated a “comprehensive climate change strategy” and 88 said they consider climate change a future loss driver, Boston-based Ceres said today in a report.

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