September 13, 2006—Dozens of new insurance activities, such as ‘green’ building credits and incentives for investing in renewable energy, are emerging to tackle the causes of climate change and rising weather-related losses in the US and globally, according to a major new report by the Ceres investor coalition.
But the report also states that more insurance companies need to be offering similar services to minimize losses and make the most of business opportunities related to climate change.
The report, “From Risk to Opportunity: How Insurers Can Proactively and Profitably Manage Climate Change,” highlights the insurance industry’s unique, powerful role historically in helping the country grapple and manage emerging risks. The report, written by two insurance industry experts, identifies 190 products and services available or in the pipeline from dozens of insurance providers in 16 countries.
For more information, or a copy of the report, visit Ceres.
