Climate change extremes force the insurance industry to form new strategies

climate change insurance industry

As the weather breaks away from historical trends and reaches record breaking highs and lows, insurers face increasing costs. Now that climate change has become a measured and broadly accepted occurrence – despite the ongoing controversy surrounding its cause – the insurance industry is finding itself facing the brunt of the costs generated by the damage caused by extreme weather and it is seeking new strategies to reduce those expenses. In order to do this, insurance companies are hoping that efforts can be made to reduce damages in the first…

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