While some people are debating the existence of climate change, reinsurers aren't taking any chances. They are doing a tremendous amount of research and modeling and are busy creating action plans.
The industry has invested millions in research and is looking at alternative solutions to reducing carbon emissions, such as solar and wind power.
Munich Re, in a press report, “Weather Extremes, Climate Change, Cancun 2010,” marking the 16th World Climate Summit in Cancun, Mexico, which started today, said climate change “is a fact, and it is almost entirely made by man.”
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