Global Insurance Industry Bracing For Climate Change-Related Catastrophes

The global insurance industry has stepped up and has shown that it was listening when scientists around the world made it clear that the top message they wanted to share on Earth Day 2016 was that the planet’s temperatures are rising. Why is the global insurance industry showing concern? For one thing, it’s made up of people who, like everyone else, are worried about what this could mean to their futures and the future of the world. However, it should also be recognized that insurers and reinsurance companies stand among those who will be the most heavily impacted as weather patterns change.