STORMY outlook:Extreme weather events and algal blooms are likely to mean pricier premiums for farmers

摘要

When it comes to the impact of climate change, the insurance industry is on the front line. Last month, HRH Prince Charles, who has long been a champion of the environment, brought representatives of the sector together for the launch of the Sustainable Market Initiative Insurance Taskforce.The Taskforce involves the heads of 17 firms, who have pledged to support the transition to a less carbon-intensive economy by expanding insurance coverage for climate-friendly projects and partnering with governments to provide better cover against climate-related disasters, which many believe are likely to occur with greater frequency as the planet heats up.