When it comes to talking about risk, U.S. and U.K. risk managers speak a different language, according to London-based insurance broker Miller Insurance Services Ltd. In a study of 115 U.K risk managers, some 41% believe that carbon emissions risk is worthy of high-level boardroom consideration. This stands in stark comparison with only 7% of U.S. managers who said that this was a board-worthy issue in a study commissioned by Miller in April 2007. Nearly a third of U.K. risk managers believe that carbon emission risk is an insurable risk.

But there are areas of agreement. Both U.S. and U.K. risk managers are satisfied with insurance products, with 72% and 69%, respectively saying that the insurance industry is delivering the right products. But while a similar percentage of U.S. (28%) and U.K. (32%) managers currently use captives, 50% of U.S. risk managers say they are planning to increase or establish a captive insurance company, versus only 26% of U.K. risk managers.

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