Business Green: British insurers should "steal a march on their rivals" by developing new products to help firms adapt to the extreme weather-related risks caused by climate change, environment minister Lord Henley will tell a United Nations conference tomorrow. Henley is scheduled to address a meeting organised by the UN Environment Programme (UNEP), where he is expected to urge insurance firms to develop new products and draw on British scientific research to help businesses better manage the risks posed by climate change, such as flooding and droughts."The UK financial services sector can steal a march on its rivals by developing and selling new weather and climate-related products," he will say. "And in the same way that we have established London as the global centre for carbon trading, investment portfolios that factor in climate resilience are also likely to be more attractive and bring greater returns.”…
Inside Lloyd's of London, shot by phogel, Wikimedia Commons via Flickr, under the Creative Commons Attribution-Share Alike 2.0 Generic license
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