Climate Risk Puts Insurers on the Hot Seat
Insurers should expect increasing pressure to go beyond risk assessment and reporting by taking a more proactive role in reducing carbon emissions.
Insurers are no strangers to climate risk, given the billions of dollars carriers lay out annually to clean up property damage and prevent future losses from windstorms, flooding and wildfires. Yet as global temperatures continue to rise and weather patterns keep shifting, societal expectations about the role of insurance in controlling environmental exposures is rapidly evolving as well, putting the industry squarely on the hot seat.
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