Climate Change and its Impact on the Insurance Industry

Risk Management

PUBLISHED ON: February 1, 2015

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It may be hard for people who experienced a polar vortex to believe, but 2014 was the hottest year ever globally. This global warming has consequences. The U.S. Supreme Court recognized in 2007 that there is a relationship between global warming and severe weather events. And severe weather always has been a driver of property and casualty claims. It is no surprise that the insurance industry has been considering the impact of climate change for years.