1. RISK:
Health and life insurers grapple with climate effects
Biting bugs are buzzing northward and asthma has spread like a dust cloud, but there are deep divisions about how concerned health and life insurers should be about disease and death caused by climate change. So far, this corner of the massive industry has remained in the background of its climate debate, letting its counterparts who specialize in property losses worry in public forums about potential risks from rising sea levels and more powerful storms.
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2. FINANCE:
Ex-Im Bank approves new scrutiny of fossil fuel projects
The Export-Import Bank voted yesterday to ramp up financing for renewable energy and impose new reviews of large fossil fuel projects as part of a broad new climate change strategy. Bank President Fred Hochberg is expected to announce the new carbon policy today when President Obama joins the institution's annual meeting. The strategy, with a centerpiece $250 million loan guarantee program for renewable energy projects, is the first of its kind among export credit agencies.
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