NU Online News Service, Sept. 2, 11:33 a.m. EDT
Despite a broad consensus among insurers that climate change will have an impact on extreme weather events, few companies can outline their plan to manage the associated risks and opportunities, according to a report on a National Association of Insurance Commissioners’ (NAIC) survey.
Large global insurers are more likely to respond to climate change because of their internal resources than are smaller insurers, which rely on external models and outside expertise, according to the report.
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