The unfortunate reality is there is little carriers, reinsurers or MGAs can do to stop or reverse the effects of climate change. However, our industry can start taking immediate steps to better understand the impact of climate change and then take action to improve pricing models and reduce the risk for insureds. (Credit: piyaset/Adobe Stock) The unfortunate reality is there is little carriers, reinsurers or MGAs can do to stop or reverse the effects of climate change. However, our industry can start taking immediate steps to better understand the impact of climate change and then take action to improve pricing models and reduce the risk for insureds. (Credit: piyaset/Adobe Stock)

If you live, well, almost anywhere within the continental United States, you felt the extreme heat of this past summer. Just one single seven-day heat wave from July 18-24 set more than 350 high-temperature records and more than 709 records for the warmest overnight low temperature, according to NOAA’s National Center for Environmental Information.

This scorcher of a summer — which extended all the way throughout Europe — served as the latest reminder of a harsh reality evolving over the course of the past few years: Climate change and its impacts are here. This is not just a future threat; it’s a present reality. As global warming reshapes our weather patterns, it also promises to forever change the way insurance agents, brokers and underwriters do business.

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