Insurance Companies & Climate Change
Salon.com talks about something which I’ve brought up before: insurance companies are concerned about the effects of climate change on their business and may begin to act as catalysts for change within industry. Well, it looks like one of them is doing something about it.
Executives at Swiss Re are beginning to worry that the executives of corporations responsible for greenhouse gas emissions may ultimately be found legally liable for damage from natural disasters that result from climate change. Swiss Re has decided that it would rather not be on the hook for that kind of legal liability, especially for those corporate executives who are denying that there is any problem at all.
For a scenario illustrating what insurance companies might do, I suggest checking out the end of the Salon.com article.