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Model clauses: Insurance

Exclusions from insurance coverage for climate harms

Connor's Clause

An explicit exclusion from cover for climate liability, costs and losses occasioned because of GHG emissions and where the Insured has failed to meet GHG emissions targets.

Insurance premium adjustment for D&O climate-related financial disclosures

Archie's Clause

This clause incentivises companies to mitigate climate risk through a reduction in insurance premiums for Policyholders who meet agreed disclosure standards regarding climate-related financial risks.

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