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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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Floodwaters A highway stands immersed in floodwaters from Hurricane Harvey in this aerial photograph taken above West Columbia, Texas, on Wednesday, Aug. 30, 2017. (Photo: Luke Sharrett/Bloomberg)

Bank of America Corp. worries flooded homeowners will default on their mortgages. The Walt Disney Co. is concerned its theme parks will get too hot for vacationers, while AT&T Inc. fears hurricanes and wildfires may knock out its cell towers.

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