Arnold_Schwartzngr.jpgThe biggest buzz at the RIMS conference here in San Diego this week was about the threats and opportunities prompted by climate change. Zurich, Aon and other major players touted ambitious environmental initiatives. The chairman of Lloyd’s, Lord Peter Levene, even took a side trip to Sacramento to meet with California Gov. Arnold Schwarzenegger to talk about the impact of global warming. Is this all a lot of hot air, or a long overdue response to the most serious threat our planet faces?

“The most important thing is to get people’s attention and get them to understand this is something they need to deal with, without knee-jerk reactions,” said Lord Levene. “[Global warming] is there–we know it’s a problem. The experts will argue about how big a problem it is and how much damage it’s going to cause. You can make things change and every little bit helps.”

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