The effects of climate change are affecting insurers' risk portfolios and creating new questions for carriers to consider in their underwriting, a brokerage firm advised yesterday.
That counsel was part of insurance broker Marsh's New Reality of Risk series, which included a teleconference panel discussion focusing on risk topics of interest to insurers.
At the World Economic Forum held last month in Davos, Switzerland, “Climate change was identified as one of the most significant emerging risks and one that presents a huge challenge not only to the environment, but also to the world economy,” said Brian Storms, chairman and chief executive officer of Marsh.
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