.. sorry to see so many lives all over the world cut short by extreme weather, at least the insurance industry is now looking seriously at climate change as a real business risk ..
Climate change a financial risk, APRA tells insurers
Power poles damaged by Cyclone Larry in the Queensland town of Innisfail in 2006.
The Australian 12:00AM February 18, 2017
Michael Roddan Reporter Melbourne @michaelroddan
Prudential regulator APRA has put directors of insurance companies and banks on notice that they could be in breach of their director duties if they fail to incorporate climate change risks into their financial models and disclose the risks they face.
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