Reinsurance Association of America said today it formallyadopted a climate change policy Tuesday at its fall board meetingrecognizing climate impacts on the world's social and economicrisks.
In doing so, the RAA said it is the first insurance industryorganization to have such a policy in force.
“It is incumbent on our industry to acknowledge the changingclimate and the risks it poses to the business community and toensure that policymakers consider measures for adapting to, andmitigating, the potentially adverse impacts of climate change,”said Frank Nutter, president of the RAA.
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