Legal: The opportunity of uncertainty
The vague Green Economy Bill is not an excuse for the industry to ignore climate change risks, rather to take a lead in tackling the problem and grab a big opportunity, writes Lindene Patton.
We are used to the idea that governments will intervene and legislate to try to tackle climate change, whether that constitutes legal provisions for green energy, laws to limit carbon emissions or energy markets regulation. Exactly how these laws affect insurance is less clear.
Zurich sponsored a survey among global risk managers to probe their views on climate change risks and the findings - published in April 2010 - were clear: climate change itself was well understood. Long gone are the days
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