Schultz Environment Blog

Environment in a broad sense,transports and energy issues. From my local point of view with a global touch!

Wednesday, May 16, 2007

Good business for the Insurance companies
In Sweden an Insurance consortium was constructed in 1989. Since then the Swedish companies have paid about 360 million Swedish crowns to the consortium. Only 6,5 million have been paid by the consortium to reconstruct the environment since then. It seems to be a very profitable business for the Insurance companies. Of 69 applications for funding, 66 has been rejected. There is no transparency in the selection because the companies mean that this could impair the competition. During the first ten years only 6 025 Swedish crowns were paid out compared to the income of 250 million crowns. Good business for the insurance companies but what about the environment?


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