The PRA’s September 2015 report identified climate change related litigation as a major risk area for insurers. Businesses which are extractors, suppliers or heavy users of fossil fuels – the main source of the greenhouse gas (“GHG”) emissions that cause climate change – are clearly at risk from litigation. This could relate to third party damages arising from climate change itself or poor business performance due to measures (such as carbon taxes) aimed at reducing GHG emissions.
In this seminar we will focus on the potential exposure to litigation faced by such businesses, their directors, the fund managers and trustees who invest in such businesses, and the insurers of all of these parties.
We have four distinguished speakers who will consider the following aspects:
- The scientific link between GHGs, climate change and extreme weather events
- The legal exposure of businesses, their directors and insurers
- Related practice and developments in insurance for directors
- The prospects for such litigation, from the perspective of an environmental lawyer.
These presentations will be followed by a panel session when you will have the opportunity to put your questions. The evening will end with a networking session over drinks.
This event is organised by the Resource and Environment Board but is aimed at actuaries of all practice areas. It concerns your employers and clients whether they be businesses, investors in those businesses (including pension fund trustees and insurance funds) or the insurers of either.
Event organiser
Contact Events Team for more information.
eventmanagement@actuaries.org.uk
0207 632 1498
CPD
CPD| 17.00: Registration |
| 17.30: Chairs introduction: Michael Tripp, Chair, General Insurance Board |
| 17:35: Professor Myles Allen, Oxford University: the science |
| 18.00: Richard Lord QC: the potential legal exposure |
| 18.25: Chris Warrior, Hiscox London Market: director’s liability |
| 18.40: Alice Garton, ClientEarth: the scope for litigation |
| 19.00: Panel session for questions to speakers |
| 19.30: Drinks reception and networking |
Location
Address
Staple Inn Hall, High Holborn, London, WC1V 7QJ
Nearest Public Transport
Central Line, Chancery Lane Station