Climate change is forming a broadening insurance industry struggle

climate change insurance industry

The shift away from the traditional attitude of insurers is generating considerable controversy. While the insurance industry has traditionally been a strong supporter of the principles and behaviors of free enterprise – as it is quite the business giant – as some major carriers start to evolve their positions as a result of climate change, this has generated some disagreements to build among many of their backers in congress. Skepticism regarding the science behind the global warming claims remains among many in Congress. When it comes to the insurance industry,…

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Green insurance to help protect against increased climate change risks

Green Insurance

Global warming and climate change may cause green insurance companies to pay higher disaster claims. Climate change is leading to a larger number of natural disasters that are causing a greater amount of damage so that insurers are faced with much higher claims as well as lawsuits related to global warming, forcing these firms to protect themselves with green insurance and keeping up with alternative energy resources. It hasn’t taken insurers long to recognize the difference that climate change is making, but the steps that need to be taken in…

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