[lbo-talk] Wall Street getting worried about climate change

Doug Henwood dhenwood at panix.com
Wed Sep 28 09:50:09 PDT 2005


Steven L. Robinson wrote:


>Where are the insurance companies in all of this? Given the claims
>that they have to pay out for hurricane damage one would think that
>they not only would wise up to the danger it poses their bottom line
>but - give their exposure - but bankroll lobbying efforts to do
>something about it.

For now, they'll refuse to write new policies, try to evade paying claims, and look to the government to cover the really big risks.

Doug



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