insurance companies are uniquely placed to diffuse projects damaging the environment by refusing to insure them , said climate campaigner Nick Haines from parliament . Meanwhile , a report from the department of Queensland Business School urges the insurance industry to collaborate with state policymakers to improve society 's ability to recover from disasters and to reduce risks to such events . Risk assessments undertaken by insurers may help to prepare for flood defences or help to better position new buildings , said lead economist Paula Jarzabkowski .
Insurance companies are uniquely placed to diffuse projects damaging the environment by refusing to insure them, said climate campaigner Nick Haines from SumOfUs. Meanwhile, a report from the University of Queensland Business School urges the insurance industry to work with state policymakers to improve society's ability to recover from disasters and to reduce vulnerability to such events. Risk assessments undertaken by insurers can help to push for flood defences or help to better position new buildings, said lead researcher Paula Jarzabkowski.