As a property and casualty insurance company, we understand that climate change creates greater unpredictability of weather-related loss frequency and severity. This poses a long-term risk to the lives and livelihoods of our customers and our business. Our efforts to help address climate change and its associated impacts are centered on
(i) prudent oversight and management of catastrophe risk exposure,
(ii) helping our customers through responsive claims handling, safety management, and proactive weather alerts,
(iii) allocating capital away from specific environmentally hazardous classes through underwriting and investment initiatives, and
(iv) reducing our carbon footprint. Understanding and helping mitigate climate change perils for our business and customers is core to our operations and strategy.
We believe these efforts (i) contribute to our corporate responsibility to help mitigate the impact of climate change, and (ii) will reward our shareholders with sustained superior financial and operating performance over time.