Insurance industry may be woefully unprepared for climate change

rain umbrella coverage insurance industry climate change

Survey finds that majority of US insurers are not prepared to deal with climate risks Ceres, an environmental investor advocacy group, has released the results of a new survey it has conducted in the insurance industry. According to the survey, the majority of U.S. insurance companies are woefully unprepared to handle the risks associated with climate change. While many insurers have been relatively cavalier with their claims that not enough is being done to mitigate climate change, several companies have done little to prepare themselves for future environmental risks. 10%…

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Lloyd’s of London calls the insurance industry to action on climate change

Lloyd’s insurance claims - Home office building

Climate change may need more attention from the insurance industry Lloyd’s of London, one of the largest insurance companies in the world, has released a new report titled “Catastrophe Modeling and Climate Change.” The issue of climate change has been steeped in controversy for some time. There are those that suggest that climate change is little more than an exaggeration of a natural process that has been occurring for millennia. Others suggest that if climate change continues to occur unabated, the human species may be faced with the very real…

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