Bank of England to push insurers to manage climate risks

Posted On: Mar. 25, 2019 5:53 AM CST

The Bank of England plans to spell out how it wants financial firms including insurers to manage climate change-related risks, Reuters reported. Mark Carney, the central bank's governor, said the central bank would tell insurers to regularly test their strategic resilience against climate change risks and appoint a senior official to manage environmental risks.