Be Practical On Climate Risk, Insurers Told

Instead of arguing over the global threat posed by climate change, property insurers should focus on practical steps to limit local catastrophe exposures on individual homes and businesses, a panel of industry experts urged.

It is far more productive for insurers to concentrate on risk management efforts–such as changing land-use regulations, bolstering building codes and improving the quality of underwriting data–than getting caught up in the controversy over the causes and long-term impact of global warming.