Contemporary wisdom holds that everyday consumers are often naive about exactly how insurance works — a main reason agents and brokers continue to be essential despite the rise of self-service, digital-insurance platforms.
But one thing most everyone is aware of these days is the growing impact of climate change, whether from personal experience or the dramatic images of storms, fires and floods that now punctuate the daily news cycle.
The impact of climate change is becoming even more talked about in 2024 as the majority of insurance customers experience premium increases driven in part by the rising costs associated with catastrophes, not to mention the trouble some people have even finding sufficient insurance in locations where some carriers deem the natural-disaster risk to be greater than the potential business benefits of extending coverages there.
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Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
