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Article: Backs to the wind: for prudent insurers, climate change means greater risks and bigger opportunities.(Property/Casualty: Business Strategy)
- Article from:
- Best's Review
- Article date:
- March 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 A.M. Best Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Climate Change: Insurers Respond The Second Party of a Series
The climate change issue is converging upon the insurance industry like rapid fire. With so many new developments on the horizon, it's difficult for insurers or their executives to assimilate risks and burgeoning public policy without a concerted effort.
But, as with all risk, opportunity lies just around the bend. Smart companies are finding business opportunities, creating board-level study committees and instituting environment-friendly policies that prove to the world that they are heeding the call.
According to the United Nation's Intergovernmental ...