The report outlines how insurers are developing services to help consumers and businesses reduce their losses from extreme weather, while also reducing the pollution causing global warming. The report identifies more than 180 products and activities that are either already out or in the pipeline from dozens of insurance providers. The report also outlines the growing crisis of insurance availability and affordability in regions of the U.S., especially along the Gulf Coast, Florida and New England.
The report is written by two insurance industry experts and will be considered by the National Association of Insurance Commissioners (NAIC), which formed a special task force on the climate change issue last December. NAIC, comprised of state insurance regulators, is the primary regulatory body for the insurance industry.
Ceres is a national coalition of investors and environmental groups working with companies to address sustainability challenges such as climate change. For more information visit the Ceres Web site.
