Kolkata: The Indian Chamber of Commerce is in favour of a national climate change insurance fund, with a cap on paid losses. Releasing a report entitled ‘Business Risks and Opportunities of Climate Change’ to newspersons here recently, Mr Vishambharan Saran, Senior Vice-President, ICC, said, “The insurance companies, for instance, could be asked to give discount on premiums for covering companies, which adopt eco-friendly projects.”
While there were several insurance products available in the market providing coverage to physical damage caused by climate change, hardly any product was available to cover business risks of climate change.
Source: The Hindu Business Line
Saturday, July 26, 2008
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