GFM Network News

Reinsurers call for action on climate change

Firms that manage weather risk are questioning governments’ resolve on emissions cuts

Reuters – Politicians must act to cap global warming when they meet at a United Nations summit at the end of the year as the financial and humanitarian consequences of natural catastrophes become ever clearer, reinsurers meeting at an industry conference said. The US$600-billion reinsurance industry helps insurance companies pay damage claims from hurricanes, floods