Climate Change: Insurers Confirm Growing Risks, Costs

Stakeholders from the insurance industry met with members of the U.S. Senate to acknowledge the role global warming plays in extreme weather-related losses, and to issue a call for action.

INN Breaking News, March 2, 2012

Pat Speer

The politics of global warming have typically involved much debate as to the role climate change plays in growing weather-related risk.  Yesterday, however, at a Capital Hill a press conference on the cost of climate change, debate was not on the agenda. Pointing to a year of history-making, $1 billion-plus natural disasters, representatives of Tier 1 insurance companies took a definitive stance with members of the U.S. Senate to confirm that costs to taxpayers and businesses from extreme weather will continue to soar because of climate change.

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