Insurance companies have joined the babel weighing in on climate change during negotiations being held in Marrakech, Morocco, this week and next. Speaking to conference delegates yesterday, some of the world’s largest insurers and banks warned that global climate change would cause drastic increases in weather-related disasters like hurricanes and floods. Since the 1960s, insurance companies have seen a 400 percent increase in large weather disasters, with an accompanying 1,100 percent increase in insured losses, according to the company Munich Re. No surprise, then, that the insurance companies voiced their support for the Kyoto Protocol.
