Is it time for insurers to adopt a climate change exclusion policy?

By Alex Hamer, Reynolds Porter Chamberlain

Notwithstanding the cold winds of the credit crunch, climate change remains one of the insurance market’s hot topics. The debate, understandably, has focussed on the exposure of those insurers who cover property against catastrophe weather events, particularly storm and flood. Such extreme weather events are now expected to be more frequent and more intense due to climate change.