Report Cites Katrina In Urging Insurers To Reduce Climate Change Risks

A coalition of investment funds and environmentalists is citing the damage caused by Hurricane Katrina in a report to insurers on the economic costs of climate change, in an attempt to pressure companies to reduce greenhouse gases. The group argues that it makes good business sense for insurers to assess the financial risks of climate change, and that current climate trends are driving up insurance policy premiums and will eventually limit the availability of coverage. Ceres -- a national coalition...