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Thursday, October 06, 2005
Environment - Insurers concerned about climate change
"A New Worry for Insurers: Firms Looking at Whether Climate Change Could Affect Their Bottom Lines" was the headline to a story yesterday in the Washington Post. It begins:
The devastation and cost of Hurricane Katrina provided a new hook for a faction of the insurance industry that is trying to raise public awareness of global warming and push the topic onto the political agenda.Some of the industry's largest companies have sided with environmental groups in recent years to argue that global warming exists and that man-made causes are adding to the severity and cost of natural catastrophes.
Although no insurer has cited global warming's increased risks as a reason for raising rates, some are funding their own research on the topic and, in the political realm, are supporting measures to reduce emissions.
Posted by Marcia Oddi on October 6, 2005 06:57 AM
Posted to Environment