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Insurer Products, Services Help Avert Climate Change Catastrophe Losses

While the dispute rages over the reality of global warming and its effect on climate change, insurers have not been sitting on the sidelines waiting for definitive conclusions. Instead, like good

By Mark E. Ruquet | Updated on March 09, 2008

While the dispute rages over the reality of global warming and its effect on climate change, insurers have not been sitting on the sidelines waiting for definitive conclusions. Instead, like good risk managers, they are preparing for the worst-case scenario, with a number of major underwriters taking a leadership role by promoting dialogue and supporting research, while at the same time providing new types of coverage and services to limit the potential damage.

As insurers, they have used their underwriting expertise to both generate new insurance policies and adapt existing ones for this evolving market, as well as promote loss control by funding development of environmentally-friendly technologies.

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