Andy Marcell, CEO of both Aon’s Risk Capital and Reinsurance Solutions units, warns of the potential for climate-related liability claims
Just as the property market has shifted to become more conservative to address these climate developments – with price increases, capacity contraction and coverage clarifications – the liability market could likewise experience a shift as organisations turn to their insurance – especially, general liability, public and products liability, and directors’ and officers’ liability – to cover their climate-related liabilities