Legal: The opportunity of uncertainty

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