Westly Urges Climate Change Preparations

Life, health, and property and casualty insurers should press companies they cover to better protect themselves from climate changes that may cause disasters, California Controller Steve Westly said.

Westly sent letters to 30 companies, including MetLife Inc., the largest U.S. life insurer, and General Re, owned by Warren E. Buffett’s Berkshire Hathaway Inc., asking them to analyze and prepare for the effects that climate change may have on them.