Tomorrow sees the release by the UNÃ¢â‚¬â„¢s Intergovernmental Panel on Climate Change (IPCC) of the second volume of a study that among other things is expected to highlight the human impact of climate change and how far adaptation and mitigation can reduce this impact. So itÃ¢â‚¬â„¢s perhaps timely that LloydÃ¢â‚¬â„¢s just issued its latest climate change report Ã¢â‚¬“ Rapid Climate Change. While the LloydÃ¢â‚¬â„¢s report acknowledges that the impact of climate change is far from certain and not completely understood, it urges insurers that now is the time to start planning and modeling for a higher level of losses across the world as both the severity and frequency of weather events increase. The report explores what climate change could mean in four areas of particular relevance to the insurance industry: sea level rise, melting icecaps, flood and drought. Wherever you stand on the climate change debate, these reports are worth a read.