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Instant Insights / The impact of climate change on P&C insurance

Scientists have built consensus around the probability that more powerful floods, fires, droughts and storms will occur with higher frequency as the Earth gets hotter.

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Signage is displayed on the exterior of Pacific Gas and Electric Corp. (PG&E) Signage is displayed on the exterior of Pacific Gas and Electric Corp. (PG&E) headquarters in San Francisco, California, on Monday, Jan. 14, 2019. PG&E Corp. said it will file for bankruptcy in California after the cost of wildfires left it with potential liabilities of $30 billion or more, gutting its share price and prompting the departure of its chief executive officer. (Photo: David Paul Morris/Bloomberg)

PG&E Corp. told investors repeatedly that weather-related disasters were a risk, but many didn’t pay enough attention until the company was on the brink of bankruptcy.

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