CERES: Company executives could find themselves losing protection against climate change-related liability claims brought by shareholders. SwissRe, the world’s second-largest reinsurer, has announced it will withdraw coverage of such claims for senior executives of companies that fail to adopt adequate climate change policies. In the November issue of Environmental Finance, Roger Wenger of SwissRe said, “As an insurer, we only give coverage to ‘fortuitous events.’ If it is predictable that a liability would arise, we would have to exclude that cover from the policy.”
more seriously, from Gil Friend’s weblog