Climate change and the insurance industry

Climate Change Insurance agents Industry

Insurance industry shows concern over climate change Climate change is often a controversial topic, especially when it comes to whether or not humans are having an impact on climatic events. Usually, the issue is politicized, with certain factions providing some extreme viewpoint on climate change and others suggesting that it is little more than a myth. While the truth of climate change may reside somewhere in between extremes of perception, one thing is certain: The insurance industry is not keen to leave itself exposed to the risks that come with…

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Mississippi could lose its access to flood insurance because of state law

Residents of Mississippi are in danger of losing their flood insurance if state legislators do not take action on a particular law. The state was put on notice by the Federal Emergency Management Agency late last week because one of the state’s laws makes hunting and fishing camps exempt from the building codes that govern the flood prone areas of the state. FEMA claims that if the issue is not resolved by May 5th, those receiving coverage through the National Flood Insurance Program will see their policies canceled. According to…

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