'Getting religion' on global warming: Now it's the U.S. insurance industry
They’re getting nervous 2
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Posted 10:47 AM on 6 Dec 2006
by Kit Stolz -
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jscorse Posted 5:06 am
07 Dec 2006
Great stuff....
this shows how markets do factor environmental externalities in the pricing system and this is huge- this will do more to change policy than any amount of Inconvenient Truth showings- and it's exactly how it should be- if global warming makes storms more likely or draughts then people need to factor that into their decisions....
J.S.
J.S. htt://voicesofreason.info
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CrosbyMacDonald Posted 9:21 am
07 Dec 2006
These guys are taking it seriously...
Some of the largest insurance companies in the world consider climate change a major issue..
Jacques Dubois, Chairman and CEO of Swiss Re America Holding Corp. (SwissRe is the largest reinsurance company in the world, so he's a bigwig), said that "Climate change is something we consider to be one of the most significant and emerging insurance risks that we face today" at our conference.
Insurers today have a huge opportunity to profit while delivering climate change loss-prevention benefits to society, says a Report (PDF) commissioned by the Ceres investment network.
Large investors and insurers are really latching onto the idea that climate change poses a huge financial risk, and also a huge opportunity to make profits by investing in environmental technologies.
This is the kind of thing we need.. because apart from those that are very dedicated, few businesses of individuals are willing to change their daily habits or reduce their quality of life to cut emissions..though maybe in North America we should..
Economenvironmentalism
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