The challenges associated with climate change are fast becoming a major industry concern, and it is a topic that is certainly on the minds of many who think about the issues impacting the insurance industry.
According to a global survey of more than 100 insurance equity analysts recently conducted by Accenture, "climate change and environmental issues" was the most widely cited industry challenge among property-casualty insurers--ahead of aging systems and information technology modernization as well as new regulations and reforms.
One major concern is increased hurricane activity caused by warmer-than-average ocean temperatures, partly the result of global warming.
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