With every new problem in the world that emerges, there seems to be some enterprising insurers that follow--willing to put up capital and write policies to take on that developing risk. One could surely assume that the unpredictability caused by climate change would be no different.
What might be surprising is that insurance for weather events is nothing new, and insurers have been providing policies for years.
The most familiar form is event coverage, providing that if the weather does not cooperate--for instance the temperature is too high for snow to form for an Olympics downhill ski run--an insurance program can cover the losses.
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