NU Online News Service, Sept. 4, 11:55 a.m. EDT

Zurich Financial Services Group is calling upon the insurance industry to use its resources and risk management expertise to respond to the challenges presented by climate change.

In a report issued this week–"The Climate Risk Challenge: The role of insurance in pricing climate-related risks"–Zurich said that "given the exceptional complexity of the climate risk challenge, the core insurance mechanisms of underwriting, claims management and asset management can play a central role in dealing with climate change."

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