How does climate change play into their thinking? Of course, there is no evidence climate change caused Hurricane Sandy. But that won’t calm the insurance industry. As once executive explained , it doesn’t matter whether insurers believe in man-made climate change. The number of weather-related events nearly quintupled in North America over the past three decades. And they have billions on the line.
What does that mean for the rest of us? Premiums will increase in the long run if exposure continues to increase.
Read more: “Insurance Companies Rethink Business After Sandy“