Insurance, Climate Change and the Law

The insurance industry has found itself at the front line of climate change challenges, providing insurance cover in relation to risks associated with climate change. As risk carriers, insurers pay claims for climate change related losses – such as property damage caused by windstorms, flooding, and wildfires – which have been increasing in frequency and severity.

As major institutional investors, insurance companies invest in assets that may be increasingly vulnerable to climate risks. Insu...