Often in this space I scold the insurance industry for short-sighted actions or outright misbehavior that undermines an already tarnished reputation. But what is equally unfortunate is that insurers are not adept enough in spreading the news about the good they do for society–such as their efforts to help combat global warming, or at least mitigate the effects of recent climate change trends.
This notion came to me last week while editing our March 10 cover story, “Insurers Brace For Global Warming.” One of the articles talked about the products and services carriers have introduced to help avert catastrophe losses prompted by climate change (click here for that story), while the other sought to delve into the research supporting those who warn of catastrophic changes ahead, and where the industry stands on the subject (click here for that story).
The fact is that whether or not they believe global warming is a long-term, species-threatening risk, insurers are taking steps to deal with the problems posed by climate change, at least in the short-term.
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