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Regulator calls on insurers to include climate in risk management

Posted On: Mar. 20, 2019 5:52 AM CST

Australia's financial services regulator called on insurers and banks to include climate as one of the material risks they manage to meet obligations to policyholders and depositors, Reuters reported. The Australian Prudential Regulatory Authority said that climate-related risks are foreseeable and actionable for financial firms.

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