This is the way to convince the deniers of the truth of climate change – by impacting their pockets. How can they argue with increased insurance premiums due to extreme weather related insurance payouts? Obviously some will, but as is is apparent the insurance companies don’t care what the GOP think, they care about protecting themselves from risk, and they see the risk as increasingly coming from extreme weather events.
(Well done Peter, for finding another great angle on things!)
There is no doubt in the mind of major reinsurance company Munich Re that climate change is increasing the severity and frequency of extreme weather events and that this will have a major impact on the insurance industry.
And just maybe, where the science has not been able to make an impact on the world taking action on climate change, just maybe money and insurance premiums ( or lack thereof ) might get the point across.
One of my little life rules is to listen to people who are smarter than I am.
Insurers employ some of the world’s smartest people to figure out what bets to make on what’s going to happen, or not happen, in the future. They have to get it right, because, if they don’t, they make a lot of bad bets, and go out of business.
Early on, in the 1990s, larger insurance…
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