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.
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.
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.