Insurance Brokers Urged To Weigh Climate Litigation Risks
By Najiyya Budaly (June 8, 2021, 4:13 PM BST) -- Insurance brokers in Britain should play a vital role in assessing the exposure of their clients to potential litigation for shortcomings in their policies to tackle climate change, a trade group representing the London market said Tuesday.
The London and International Insurance Brokers' Association said that its members should assess the legal claims and liabilities that they are exposed to over their emissions policies.
Litigation includes action by activist organizations against companies that are negligent about the environment and those that fail to make adequate disclosures about their policies on the climate crisis change. Other targets are finance firms that make...
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