Practical Law

Practical Law’s new article on the insurance and reinsurance industry explores the financial impact of climate change and other key risks.

TCLP clauses provide solutions to these risks and changes which, “for the first time, will allow insurers to offer their commercial clients liability cover for climate-related injury or property damage claims”.

The article highlights Seb & Abby’s clause, which provides climate-related liability cover and works in tandem with Connor’s clause, requiring policyholders to put in place a robust net zero transition plan. 

Read the article here.