The World's Insurers Brace For Climate Change -- Except In America [View all]

[polly7]

Climate change is increasing insurance costs all over the world. But a recent Ceres report finds that American firms are still in denial.
April 26, 2012 |
Photo Credit: New Muse

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http://www.alternet.org/world/155164/the_world%27s_insurers_brace_for_climate_change_--_except__in_america

Given that insurers are likely to be among the first companies affected by climate change, you might expect the industry to be better prepared than most.

But that is not how it appears to many analysts, regulators, and industry representatives, who say insurers are showing a lack of urgency on the twin threats of massive future damage claims from weather-related events, and the prospect of growing climate change-related litigation.

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