Climate Risk March 30, 2009 : 11:40 AM

Two weeks ago the National Association of Insurance Commissioners ruled insurance companies must now submit annual "climate-risk" reports.

"The officials acted after concluding that climate change threatens insurers in two ways. It increases the risk of extreme weather events such as floods and wildfires, which would boost claims. And it is prompting governments to cap industrial carbon emissions that contribute to global warming -- a move threatens the profits of companies such as coal-fired utilities in which insurers commonly invest."

This is just more evidence of the immediate need to solve the climate crisis, not only because of its effect on the planet, but on business as well.