Insurer Spurs Companies to Mitigate Climate-Related Risks

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FM World, one of many nation’s main enterprise insurers, will present a 5% discount in annual premium to its roughly 1,500 policyholders to spur them to raised shield their property in opposition to dangers together with wildfire, floods and hurricanes.

The service is taking the revolutionary step of offering what it calls a “resilience credit” as concern mounts worldwide that climate-related catastrophes have gotten extra frequent and extreme. The credit score would complete about $300 million.

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