You’d expect the insurance industry to be leading the way when it comes to doing something about global warming. Insurers, after all, have to foot the bill for weather-related disasters that appear to be growing in intensity as a result of rising earth temperatures. (Yes, I know the science about this remains uncertain and that no single weather-related event can be linked to global warming.) For whatever reason, though, U.S. insurers, unlike their counterparts in Europe, have been slow to wake up to the issue of climate change. Now there are some signs that the industry is taking the issue seriously–as I wrote this morning in my weekly CNN Money column:
NEW YORK (Fortune) — Throughout their history, insurance companies have done more than collect premiums and pay claims. They’ve made the world a safer place – by promoting fire prevention, lobbying for building codes, testing the crash-worthiness of cars and rating vehicles for safety.
Now some insurers are worried by the threat to their business posed by climate change. And they are starting to see what, if anything, they can do about it.