U.S. insurers' low profile on the topic of global warming is most likely due to business rivalry, in the opinion of a brokerage executive.
"Educating a competitor about how risky something is is not necessarily in your best interest," commented Chris Treanor, president and chief executive officer of Mercator Risk Services in an interview yesterday.
On Feb. 20, when 100 major firms signed a Global Roundtable on Climate Change statement urging governments to act to limit global warming and greenhouse gas emissions, Allianz, Swiss Re, Munich Reinsurance and other European concerns were highly visible, but only broker Marsh & McLennan Cos Inc. signed the measure from the United States.
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