Insurance Industry Steps Up Action on Climate
Monday, 13 September 2010
One of our newest partners, All American Bail Bonds, illustrates a growing trend in the insurance industry– taking care of the planet. Though not typically seen as large carbon emitters, the insurance industry is heavily weighed down with paperwork. If you haven’t taken out a homeowners or life insurance policy, you’ll be astounded at the number of copies of documents you’re required to sign and receive. My recent homeowners insurance policy ran almost 40 pages. Two weeks ago we wrote about the unfulfilled concept of the paperless office. Promisingly, more companies are signing up to reduce their environmental footprints and invest in carbon reduction projects. Joining Transamerica, Infiniti Insurance and others, All American Bail Bonds has taken steps to reduce and offset its carbon footprint. By instituting a comprehensive electronic data system, the company has reduced its paper usage by over half and converted all remaining printing to recycled paper. On a related note, more than 100 of the world’s top insurance companies recently issued a UN-backed call for governments to use risk management techniques and insurance know-how to help developing nations adapt to climate change. Read more here.