Insurers Will Be Hard-Hit By Climate Change But They’re Not Investing In The Low-Carbon Economy – Forbes
Credit: Emile Wamsteker/Bloomberg
Article Synopsis – The insurance sector is one of the most affected by climate change- from having to pay out to policyholders during extreme weather events, to market responses and health impacts- but less than 0.5% of assets by the world’s 80 largest insurers are in low-carbon investments. All but three US insurance firms have no plans in place to reduce carbon investments or “address climate-related financial risks”. To read the actual article click here.