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Don't Turn Insurers Into Environmental Traffic Cops

Last October, a subcommittee of the U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing on "Climate Disclosure: Measuring Financial Risks and Opportunities." Several experts

By Charles M. Chamness | Updated on May 04, 2008

I’m all for the health of the planet and its people, but I call into question recent calls for a regulation to make the property-casualty insurance industry an environmental traffic cop.

Last October, a subcommittee of the U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing on “Climate Disclosure: Measuring Financial Risks and Opportunities.” Several experts testified, including Mindy Lubber, president of Ceres (pronounced “series”), an organization whose mission is to “integrate sustainability into capital markets for the health of the planet and its people.”

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