NEW YORK, ENVIRONMENTALISTS PRESS INSURERS TO TARGET CLIMATE RISKS

Environmentalists and some New York state officials are pressuring major insurance companies to develop policies to reduce financial risks posed by climate change. Following three major hurricanes that hit Florida and the Gulf Coast, environmentalists are urging states to insist that insurers develop adequate reserves that deal with natural disasters that may stem from climate change. But conservatives are emphasizing statements from some state climatologists disputing claims that the hurricanes are linked to global warming. Meanwhile, two New York state...