Snowy footprints across the pond became watery prints with yesterday's warmth and rain |
One of the consequences of climate change is a rise in severe weather events. The insurance industry has become acutely aware of this and is now on board with raising awareness of climate change (Climate change taken seriously by insurance industry, study says). This article notes that the industry is now having to pay claims of $50 billon a year for weather and climate related losses. These claims have been doubling every decade since the 1980s.
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