Businesses can no longer ignore the impact of global climate change, and that includes insurers, an insurance brokerage executive said during a panel yesterday.
Gary Guzy, leader of Marsh's emerging environmental risk practice, said that insurers are being asked by regulators to report information on how such meteorological changes impact their bottom line.
During the session sponsored by Marsh in New York, Mr. Guzy remarked that climate change has caught the attention of insurance regulators who are now requiring company filings to include climate loss trends.
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