Issues central to the insurance industry will be tackled as part of the ambitious three-pronged climate-change plan President Obama unveiled June 25.
These include flood insurance, and perhaps a stronger private role in the federal flood insurance program, uniform and stronger building codes, and mitigation programs aimed at reducing the cost of dealing with such issues as Superstorm Sandy.
The plan will also seek to incentivize policyholders to take steps to reduce their exposure to these risks.
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