WASHINGTON–Washington State Insurance Commissioner Mike Kreidler warned a House panel yesterday that coping with global warming will be a real challenge for consumers and the insurance industry.
Also sounding an alarm was Frank Nutter, president of the Reinsurance Association of America, who said the insurance industry is at “great risk” if it does not understand global climate variability and the frequency of extreme events.
Both Mr. Nutter and Mr. Kreidler made their comments in testimony before the House Select Committee on Energy Independence and Global Warming.
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