While some people are debating the existence of climate change,reinsurers aren't taking any chances. They are doing a tremendousamount of research and modeling and are creating action plans.
The industry has invested millions in research and is looking atalternative solutions to reducing carbon emissions, such assolar and wind power.
Munich Re, in a press report,"Weather Extremes, Climate Change, Cancun 2010," marking the 16thWorld Climate Summit in Cancun, Mexico, said climate change "is afact, and it is almost entirely made by man."
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