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ABI to launch new climate change initiative

The Association of British Insurers will launch a new industry climate change initiative at its third climate change conference, to be held on September 13.

The conference will focus on how climate change is affecting weather patterns and increasing costs to insurers, in light of the recent floods which set insurers back more than £3bn.

The ABI will also launch published research identifying how insurance can help promote climate-friendly behaviour by homeowners and businesses.

Prince Charles will speak at the conference, along with ABI chairman Archie Kane, Shell UK chairman James Smith and Axa Insurance chief executive Peter Hubbard.

BBC News environment and science correspondent David Shukman will chair the event.

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