Insurers Aren't So Worried About Clim...

Insurers Aren't So Worried About Climate Change That They're Preparing for It

There are 3 comments on the The Atlantic story from May 15, 2013, titled Insurers Aren't So Worried About Climate Change That They're Preparing for It. In it, The Atlantic reports that:

There are few industries more exposed to financial risk from climate change than insurance.

Join the discussion below, or Read more at The Atlantic.


Houston, TX

#1 May 15, 2013
From the article: Of the 184 companies surveyed, only 23 had comprehensive plans to address climate change.(Included in that 23: Munich Re.) While the threat of effects on revenue was cited by more than half of the companies as a reason to consider developing a climate change policy, well less than half thought climate change posed much of a risk. Forty-seven percent of the insurers "viewed climate change as a potential future loss driver, even though scientific assessments such as the recent IPCC Extreme Events report and draft National Climate Assessment emphasize that climate change is already amplifying extreme events that lead to insured losses."

Thought you should know.

Etobicoke, Canada

#2 May 16, 2013
Why should they worry? They can always increase premiums. The only effect will be that fewer people will be able to afford insurance and so the costs will be born by the individuals affected.

The insurance industry is a bit crazy anyways. Build on a flood plain and then get flood insurance? The premiums HAVE to be more than the losses. That is why Insurance Companies are a good stock option. Crazy? Maybe. They certainly have departed from their legitimate role as protection against 'acts of god' and rare, impossible to predict dangers.

Houston, TX

#3 May 16, 2013
The proof of the pudding is @ New Orleans. I have not visited personally, but others have conveyed; it is reduced in size ... due to insurance problems.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Weather Discussions

Title Updated Last By Comments
News This February shaping up to be top-5 warmest at... 2 hr BPT 1
News Powerful storm enters California and brings ris... 18 hr Ronald 2
News Michelle Grossman - About NBC 10 News Story - W... (Mar '08) Feb 16 Toesucker 838
News Governor Brown Issues Emergency Declaration For... Feb 15 Battle Tested 7
News My view: The Islam religion is grossly misunder... Feb 14 Da beans are spilled 4
News Knoxville College president explains school's l... (Jun '14) Feb 14 Mystery 11
News Recycled wastewater to give Los Angeles County ... (Nov '15) Feb 14 Ronald 9
More from around the web