Climate change and the insurance industry

While the debate continues regarding the effects of global warming, consensus has been reached that the causes of climate change are in place. As policy makers talk about possible responses, the insurance industry has been hit by a succession of significant catastrophes from storms and floods. Jeremy Leggett outlines current thought on global warming, and suggests that the insurance industry could create a framework to limit both global warming and the losses that it faces as a result of climate change.