Study: Insurers slow to act on global warming

09/13/2007 | Business Insurance (tiered subscription model)

Some insurers urgently need to develop strategies to deal with the effect of global warming when calculating premium rates, according to a report by U.K. fund manager F&C Asset Management. "If they don't act, they are in real danger of becoming the victims of climate change, subject to ever increasing risks in their investment portfolios and claims that exceed their projections," said Vicki Bakhshi, associate director of governance and sustainable investment at F&C, and co-author of the report.

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