lloyds of london

Wed, 2006-08-23 10:58Kevin Grandia
Kevin Grandia's picture

AIG to insure against losses due to climate change

America Public Media and Fortune are both reporting today that AIG, one of the world's largest insurers, will shortly announce new insurance products aimed at covering losses due to the effects of climate change.

This echos earlier statements made in a report by Marsh , the world's largest insurance broker, last spring:

“Climate change - often referred to as 'global warming' - is one of the most significant emerging risks facing the world today, presenting tremendous challenges to the environment, to the world economy, and to individual businesses.”

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