Reinsurers say companies worldwide have suffered intensifying weather-related losses in the past three years, but less than a third of them are actively responding to the riskincreasing the likelihood those companies will be unprepared to deal with the economic impact of more frequent and severe weather events.
Reinsurers say companies have suffered intensifying weather-related impacts in the past three years, but fewer than a third of those companies are actively responding to the risk, increasing the likelihood that companies will be unprepared to deal with unimaginable environmental coverage and loss costs.
Among the more controversial topics that we cover is global warming and its impact upon the insurance industry. Opinions aside, are producers missing an opportunity to grow their business by turning green into green?
A recent report from Entergy Corp. said that without climate-change mediation, economic losses in the Gulf Coast could rise 50-60 percent by 2030 to $23 billion annually.
Towns along Louisiana's flat Mississippi River delta and elsewhere along the Gulf Coast face an uncertain future as the sea level rises and wetlands that surround them disappear.