The Risk and Insurance Management Society, Inc. (RIMS) and the U.S. Environmental Protection Agency (EPA) reached an agreement to develop a framework for addressing risk and insurance management issues relating to climate change. RIMS and the EPA signed a memorandum of agreement yesterday for developing the framework, which will consider outreach, education, research and emerging mitigation and adaptation activities relevant to climate change.
The goal of the agreement is to improve overall understanding of climate change issues by industries and the government as well as increase awareness of the possible connection between climate change and the rapidly rising claims for losses from natural disasters. Companies working to reduce climate change risks will also benefit with better access to information and guidance on insurance oriented mitigation and adaptation opportunities.
RIMS president, David Mair, signed the agreement on behalf of RIMS on Wednesday, June 20 at 4:30 p.m. at the Hyatt Regency, Capitol Hill. The agreement will remain flexible enough to evolve as new knowledge and information on climate change becomes available.
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
