END OF THE WORLD
October 1st, 2002
Keith NuthallINSURANCE companies must brace themselves for exposure to US$150 billion in liabilities from natural disasters linked to global warming, says a new United Nations report, co-authored by industry heavy hitters, such as Prudential and Swiss Re. 'Climate Change and the Financial Services Industry' advises the insurance industry to follow an action plan, to withstand policy payouts for floods, storms, forest-fires and other natural disasters, which it says "appear to be doubling every decade and have reached one trillion US dollars in the past 15 years." ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.