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Posted Tue Apr 27 2010: from Business Insurance:
Insurance risk managers worry climate may change rules: Survey
More that three-quarters of risk managers say they are concerned about regulatory risk arising from climate change, according to a survey released Monday during the Risk & Insurance Management Society Inc.'s Annual Conference & Exhibition in Boston. In a survey of more than 200 risk managers across a variety of industries, nearly 79 percent of respondents indicated that they believe their organizations will have to address regulatory risks imminently or in the near term, within two to 10 years.... Nearly 31 percent said their companies would have to pay closer attention to climate risks, while 26 percent said they would have to change some products in response to increased liability or to take advantage of subsidies. Twenty-five percent said they would change pricing to compensate for increased risk, and 22 percent were not sure of the effect on risk management. About 16 percent said they would assess their current insurance coverage, and almost 15 percent said climate regulation would not affect their company.
[Read more stories about: short-term thinking, economic myopia, climate impacts]

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'Doc Jim says:
Regulatory risk is way more likely than climate risks. Whew!

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