Although the economy has always been influenced by climate change, lately it has been having a stronger impact than normal. In particular, it has been starting to influence insurance companies and their policies for natural disasters, that now occur more due to the climate changing. These climate change scenarios could take an extreme toll on businesses and individuals if they are not properly prepared for. In this article, you can read more about the world's oldest and biggest insurance market and what they are recommending for insurance agencies worldwide to do about climate change and it's damages.
Source: Stern, Nicholas, and Julia Kollewe. "Lloyd's Calls on Insurers to Take into Account Climate-change Risk." The Guardian. Guardian News and Media, 08 May 2014. Web. 21 May 2014.
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