Inaction over climate change could leave industry bust: Report

The insurance industry must face up to the growing threat of climate change or risk being swept away, according to a report released today by Lloyd's.

A new report, ‘Climate Change, Adapt or Bust’, warns that insurers must act now to understand and actively manage risks from emerging threats such as greenhouse gases and rising sea levels. With

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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