‘Insurance-Climate Change-Damage Control’

Financial Mail, 16 September 2010

Nero fiddled while Rome burnt, goes the legend. In the case of climate change driven by global warming, a similar scenario is frighteningly true of most of the world’s governments.

This was the message of a joint statement by over 100 insurance companies released in London on September 6.
There is a lot of talk, but little action on cutting greenhouse gas emissions, says Vanessa Otto-Mentz, head of the strategy unit at Santam, a signatory to the statement.

Insurers are warning that there is no time for procrastination, she adds.

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