Insurers Pressed to Take Lead in Tempering Climate Risk

Bloomberg: U.S. property-casualty insurers, a group that includes Travelers Cos. (TRV) and Allstate Corp. (ALL), should take a leadership role in preparing for climate-change risks as severe weather becomes more frequent, a lobbying group said. "Insurers have historically been influential in motivating society to reduce risks, whether by advocating for smoke detectors in buildings or safety restraints in vehicles," Boston-based Ceres said today in a report. "Insurers have much to offer, and much at stake,...

URL: http://www.businessweek.com/news/2012-09-20/insurers-pressed-to-take-lead-in-tempering-climate-risk