NU Online News Service, April 28, 3:19 p.m. EDT
Insurers need to pay attention to the growing effects of climate change, Lloyd's said in a report today.
"Business strategy and operations will be increasingly impacted, and it is critical that companies and their insurers work to understand these interdependencies now and begin to reflect them in their business plans and approach to risk management," Richard Ward, Ph.D. and chief executive officer of Lloyd's, said in the report.
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