As a result of changes in the climate, various world governments and non-governmental entities have encouraged corporations to reduce carbon emissions. Corporate executives have been increasingly required to disclose information concerning climate change-related risks as some investors are demanding more accountability. Directors who misrepresent or fail to consider climate risks and take appropriate action may face personal responsibility for related financial losses. Climate change losses are not the type of risk that a directors and officers (D&O) liability policy is traditionally underwritten to cover.
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